Internal restructuring
United Kingdom
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

792 jobs
Number of planned job losses
Job loss
Announcement Date
1 May 2018
Employment effect (start)
1 July 2018
Foreseen end date
30 November 2018


Royal Bank of Scotland (RBS) has announced plans to close 162 branches which will result in the loss of 792 jobs. The latest cuts will begin towards the end of July and continue throughout August. Then further closures will take place in November 2018. The closures will affect branches in England and Wales only and customers are being told that they can use Natwest branches, which are also part of the group, for their banking. The Unite union has condemned the plans and has accused RBS of neglecting its rural customers many of whom it argues will now face long journeys to access their nearest bank.

The announcement comes six months after the previous round of closures, announced at the end of 2017.


  • 1 May 2018: BBC Website


Eurofound (2018), Royal Bank of Scotland (RBS), Internal restructuring in United Kingdom, factsheet number 94166, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94166.