Massive job losses announced at RBS

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BANKING giant RBS to is cut 170 staff and close its Milton Keynes centre at the end of June 2012.

Speaking in response to the news David Fleming, Unite national officer, said: “The workforce that have today been informed that they have no future at the Royal Bank of Scotland site in Milton Keynes will be devastated. The closure of the service centre in June 2012 will significantly hit the female workforce, who tend to be in the lower grades of the bank. It is staggering that around 80 percent of those losing their jobs are female.

“These job cuts come at a time when Royal Bank of Scotland has already cut a sizeable number of staff from London and the South East region. Most notably, announcing the closure of operations in Enfield, Borehamwood and some operations in London.

“Unite will continue to press the company to offer redeployment and re-training opportunities to staff in order to minimise the impact of this decision.”

This news forms the detail of the 3,500 job loss announced in September 2010.