State-controlled RBS is axing more jobs, shifting nearly 300 back-office roles to service centres in India in a move that has infuriated the Unite union.
David Fleming, Unite’s national officer, said: “These highly skilled workers in the finance function of the bank can earn as little as £22,500 per year. Instead of sending financial services work from the UK to a low-wage economy, RBS should ensure employees are able to get on with the work they do so well. Why is RBS awarding the investment bankers massive bonuses yet sacking thousands of workers?”
He said the impact would be felt mainly in Edinburgh, where RBS has its head office, and in London. The job losses affect 215 full-time staff and 83 temporary positions, mostly in the finance departments that support key RBS divisions such as corporate banking.
Read More: RBS shifts 300 UK jobs to India