Royal Bank of Scotland

Type
Internal restructuring
Country
United Kingdom
Region
Scotland; West Central Scotland; Inverclyde, East Renfrewshire, and Renfrewshire
Location of affected unit(s)
Greenock
Sector
Adminstrative / Support Services
82 - Office administrative, office support and other business support activities
82.2 - Activities of call centres
82.20 - Activities of call centres
150 jobs
Number of planned job losses
Job loss
Announcement Date
5 July 2019
Employment effect (start)
Foreseen end date

Description

Royal Bank of Scotland announced plans to cut 150 positions in the site of Greenock (Inverclyde), which currently employs around 1,000 people. The reductions are expected to come from the 450 employees who deal with the company's mortgage customer contact and operations department. According to the company, the job reduction derives from the impact of digital technologies on bank operations. The company expects to achieve the reductions by opening a voluntary redundancy scheme. There is no information yet on the foreseen end date of the restructuring event.

Sources

Citation

Eurofound (2019), Royal Bank of Scotland, Internal restructuring in United Kingdom, factsheet number 98237, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98237.