Royal Bank of Scotland (RBS) is set to eliminate 600 jobs in its UK retail bank NatWest and shut down 32 branches, in a bid to cut costs.
The move will impact nearly 400 jobs in the Midlands, East and the North of the country, while 200 jobs will be affected in London and the South East of England, the Unite union said.
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"With job losses across the country and surviving branches on reduced hours, there’s no doubt this latest round of cuts will hurt the bank’s customers as well as our members," Unite regional officer Lyn Turner said.
RBS has not yet confirmed the precise number of layoffs, but said that the decision is driven by changes in customers’ interaction with the bank.
"Banking has changed significantly over the last few years and the way our customers want to interact with us is also changing. We have to continually adapt to meet our customers’ needs and to ensure we remain viable and relevant both now and in the future," RBS said.
The latest round of redundancies brings the total number of UK redundancies made by RBS this year to about 1,500, with retail banking division the most affected.
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