Bank to cut 334 tech jobs

RBS is to cut 334 jobs, the Unite union has said.

The union says the bank will also offshore 180 jobs to India.

The business areas affected include:
– Finance Solutions
– CPB Technology
– NatWest Markets Technology
– Performance and Business Management (P&BM)
– Core and Payments
– PBB Technology
– Digital Engineering Services
– Risk Solutions
– EC Solutions Technology

The taxpayer supported institution is choosing to export work abroad and continue to cut staff here in the UK, which Unite has described in its communication to staff as “unjustified.”

Rob MacGregor, Unite national officer said: “Unite cannot understand how RBS, which continues to be taxpayer backed, can justify hundreds more staff cuts and continue transferring important work out of the country.

“It is wholly inappropriate and unjustified for these technology roles to be sent offshore. Unite has called on RBS to halt the offshoring announcements and impose a moratorium on the offshoring of jobs. The loss of these jobs to India does nothing to support the well-being and livelihood of UK workers and their families, this is not in the taxpayer interest.

“Unite has sought a guarantee of no compulsory jobs losses as a result of the announcement.”