Royal Bank of Scotland

Type
Internal restructuring
Country
Romania
Region
Macroregiunea Trei; Bucureşti-Ilfov; Bucureşti
Location of affected unit(s)
Bucharest
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64.1 - Monetary intermediation
64.19 - Other monetary intermediation
350 jobs
Number of planned job losses
Job loss
Announcement Date
6 August 2012
Employment effect (start)
Foreseen end date

Description

The Romanian branch of Royal Bank of Scotland (RBS) notified 350 employees from its retail division about the company's intention to dismiss them. The bank representatives announced that the measure is a result of a business redesign process.

In 2011 RBS employed 1,032 people in Romania. The exact timeline for the restructuring is yet to be announced.

Sources

  • 7 August 2012: Ziarul Financiar

Citation

Eurofound (2012), Royal Bank of Scotland, Internal restructuring in Romania, factsheet number 73965, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73965.