Continuing RBS jobs cull as 156 staff in international...

Continuing RBS jobs cull as 156 staff in international section face axe

30 July 2014

The latest tranche of RBS job losses – 156 earmarked for the axe at RBS International - has been condemned by Unite, the country’s largest union, today (Wednesday 30 July). 

RBS International (RBSI) has announced a ‘restructuring’ exercise, putting a total of 156 staff at risk of redundancy in Gibraltar (22 job losses), Guernsey (5), Isle of Man (40) and Jersey (87), as well as two in London.
Since the bank was bailed out by the taxpayer in 2008 over 30,000 jobs have gone across the group in the UK - and today the union repeated its call for the bank to give a ‘no compulsory’ redundancies guarantee when  job cuts are being considered.

Unite believes that by finding staff alternative employment and creating 36 new jobs as part of the new business model, the net job losses could be 59 posts.

Unite national officer Rob MacGregor said: “Unite’s view is that there is no need for this continuous salami slicing of jobs across the RBS group. The management should bear in mind that RBS was bailed out by the taxpayer – and its staff are taxpayers – and therefore it has a moral duty to maintain employment levels. Staff are an organisation’s greatest asset.

“The  company is looking at every aspect of the business and that includes areas that make profits, such as RBSI. What does this say for the morale of the workforce that even when you are meeting and exceeding targets in most areas, your job could be at risk.

“We condemn the latest round of job cuts which will hit these four off-shore banking centres and we will be working hard with the management to mitigate these job losses.”

Unite regional officer for the Isle of Man Eric Holmes also condemned the latest moves as further weakening the island’s employment opportunities in the local diminishing finance sectors, which have been showing signs of uncertainty and reduction for some time.

He said: “Added on top of other compulsory redundancies within all sectors across the island, this is a further unnecessary blow to our internal economy, taking people out of a position to contribute to society and putting them at risk of becoming part of the social benefit system.”

The job losses will include retail and international personal banking; corporate and markets; and strategy, business management and controls; as well as a number of personal assistants. 


For further information please contact Unite senior communications officer Shaun Noble on 07768 693940 and/or the Unite press office on 020 3371 2065.

Twitter: @unitetheunion Facebook: unitetheunion1

Notes to editors:

Unite is Britain and Ireland’s largest trade union with over 1.4 million members working across all sectors of the economy. The general secretary is Len McCluskey.