Royal Bank of Scotland, which is more than 80% government-owned, is planning to cut 3,500 jobs from its technical and back office division in the UK. About a third of the job losses are as a result of RBS selling 318 of its branches to Santander, reducing its number of customers and transactions. The Unite trade union described the jobs losses as a "horror story". An estimated 27,000 job losses have been announced since RBS unveiled its restructuring plan early in 2009.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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