Bank faces flak after new redundancy announcements

by Christopher Evans

More jobs are to be lost in the UK at the Royal Bank of Scotland (RBS), it has been announced.

The financial institution, which has already been bailed out by the government and embroiled in controversy over the size of the pension awarded to former boss Fred Goodwin, has said there will be 9,000 extra posts cut on top of those already announced.

This means that in addition to the 2,700 UK jobs set to go, another 4,500 will be lost in the lender's back office departments.

Reacting to the news, national officer at the Unite union Rob MacGregor said: "These employees are totally blameless for the current position which RBS is in, yet they are paying for the mistakes at the top of the bank."

Among those who have made staff redundant in the economic crisis without following the rules are some City firms, it has been stated.

Legal experts have told The Times that some companies failed to follow redundancy procedures and may be open to legal action as a result.

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Published on: April 8, 2009

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