The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
300 jobs Number of planned job losses
Announcement Date
24 September 2012
Employment effect (start)
Foreseen end date
31 December 2013
Description
Royal Bank of Scotland (RBS) has announced that it has revised planned job cuts in its investment banking business. In January 2012 the bank reported that it intended to cut 3500 (see here) It has announced that 3000 job cuts will have been made by the end of 2012 with a further 800 occuring by the end of 2013.
RBS chief executive has cut over 34,000 jobs at the bank since he took over in 2008.
Sources
24 September 2012: The Guardian
Citation
Eurofound (2012), Royal Bank of Scotland, Internal restructuring in United Kingdom, factsheet number 74203, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74203.
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