Union leaders attack 'brutal' RBS job cuts
Tuesday 19 June 2012
Union leaders attacked the Royal Bank of Scotland today for announcing “brutal” cuts of 600 jobs from its financial planning service.
Unite said the cuts represent a 50% reduction in the department across the country.
National officer David Fleming said: “These latest Royal Bank of Scotland job losses are brutal. Six hundred staff, who for some time have faced job uncertainty as the bank reviewed their jobs, have today heard the worst possible news.
“Unite, for some time, has had major concerns about the appalling manner in which these workers at the bank have been treated. The union has continually raised with the bank the increasingly unachievable targets imposed on the workforce and is calling on it to review this redundancy procedure.
“Those losing their jobs today are a highly-skilled workforce, and the bank has refused to take into account economic factors which have impacted performance and achievability of targets.
“Unite will oppose all compulsory job losses and challenge the ongoing management of this area of RBS.”
RBS is 82% taxpayer-owned.
RBS said in a statement: "The Retail Distribution Review legislation takes effect from December 31 2012 and will have a fundamental effect on how financial institutions deliver advice to customers across the whole industry, and for the workforce involved.
"From December 31 2012, customers will be charged a fee for the advice they receive from a qualified professional. If our customers choose financial advice for investment products, the costs will be made transparent at the outset.
"As a response to this, we will be reducing the number of roles by 618 across UK and creating 351 new roles. Having to cut jobs is the most difficult part of our work to rebuild RBS and repay taxpayers for their support. We continue to make efficiencies across our business to deliver greater value to our customers and shareholders.
"We will do all we can to support our staff, offer redeployment opportunities wherever possible, keeping compulsory redundancies to an absolute minimum."
Sales of the tablet are set to fall again, say analysts
Met Police confirm there was a 'minor disturbance' and that no-one was arrested
George Lucas criticises the major Hollywood film studios
Does Chris Grayling realise what a vague concept he is dealing with?
Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets
Parties threaten resort's image as a family destination
I Am Bread could actually be a challenging and nuanced title
- 1 Indian footballer Peter Biaksangzuala dies after injuring spine doing somersault celebration
- 4 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 5 Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
'Russian submarine spotted' by Swedish military off coast of Stockholm
Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Sorry Judy Finnigan – Ched Evans is no less sickening than an alleyway rapist
Residents should throw a street party and mix with immigrant neighbours, councils told
Workers 'could be forced to pay £5 a week' to get benefits
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver allegedly kicks gay couple off for kissing
£80 - £140 per day: Randstad Education Leeds: Year 5 Teacher KS2 teaching job...
£35000 - £45000 Per Annum Pensions Scheme After 6 Months: Clearwater People So...
£35000 - £37000 per annum + Benefits: Ashdown Group: Systems Analyst / Busines...
£30000 - £35000 per annum + Benefits: Ampersand Consulting LLP: Senior Change ...