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

258 jobs
Number of planned job losses
Job loss
Announcement Date
5 September 2018
Employment effect (start)
Foreseen end date


Royal Bank of Scotland (RBS) has announced further cuts which will result in the closure of 54 branches and the loss of 258 jobs. These cuts are additional to the 792 job losses announced in May 2018. According to the company, the vast majority of closures will be in locations where there is another RBS or Natwest branch close by. A spokesperson for the Unite union condemned the announcement and argued that many local communities would suffer from the loss of banking facilities. The latest cuts are expected to take effect from January 2019.



Eurofound (2018), Royal Bank of Scotland (RBS), Internal restructuring in United Kingdom, factsheet number 95507, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95507?ef_search=&shs_term_node_tid_depth=All&field_ef_announcement_date_value%5Bmin%5D=&field_ef_announcement_date_value%5Bmax%5D=&field_ef_type_of_restructuring_tid=All&order=field_ef_job_reductions_min&sort=desc&page=2042.