The Royal Bank of Scotland announced that it was slashing 2,600 jobs this week – part of a total of 22,600 jobs that have been cut since it was bailed out by taxpayers in October 2008.
Between 300 and 500 jobs of the insurance jobs in the UK are to be offshored, a move that was condemned by trade union Unite and by politicians.
Rob MacGregor, Unite’s national officer for finance, said “This is a devastating blow for a dedicated workforce which has worked very hard to turn around the fortunes of RBS following some disastrous decisions by previous management.”
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