Internal restructuring
United Kingdom
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

900 jobs
Number of planned job losses
Job loss
Announcement Date
21 June 2016
Employment effect (start)
Foreseen end date


RBS (Royal Bank of Scotland) has announced a further round of job cuts as it continues to seek cost reductions across the business. The latest announcement has stated that a further 900 jobs are to be lost. This follows several rounds of cuts and cost saving measures earlier in 2016.  It is understood that these new cuts will come predominantly from back office and IT support roles. 

The bank is part-owned by the UK government, following its bailout during the financial crisis. When the government stepped in the bank had a global workforce of approximately 180,000 staff. By contrast the current figure is around 89,000 with 64,000 of these staff being based in the UK. The time-scale for the latest job cuts has yet to be announced.


  • 21 June 2016: BBC Website
  • 21 June 2016: The Guardian


Eurofound (2016), RBS, Internal restructuring in United Kingdom, factsheet number 88188, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88188.