Royal Bank of Scotland (RBS) is reportedly planning to eliminate dozens of banking jobs across Channel Islands including 26 in Jersey, as part of a strategic review announced by the lender at the end of February.
The bank announced that a total of 92 jobs are currently at risk, with 87 based in Jersey and five in Guernsey. Both senior management and clerical jobs will be affected under the fresh round of cuts.
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In order to boost operational efficiency improvements, the bank will axe 55 jobs throughout RBS International, which made operating profits of £221m in 2013. The cuts represent 5% of the RBS International workforce, 750 of which are in Jersey.
CEO of RBS International Adrian Gill told channelonline.tv: "The intention is to make RBS a small, simpler and smarter bank that puts the needs of its customers at its core.
Unite national officer Rob MacGregor told the publication: "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 organization’s greatest asset."
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