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Nov 14, 2008

RBS to slash 3000 Jobs Worldwide

Royal Bank of Scotland (RBS) is planning to cut about 3,000 jobs worldwide in the next few weeks, the BBC reported on Friday.

The broadcaster said the jobs would go in the bank's global banking and markets workforce, which is spread over 50 countries. Its high street operations would likely be unaffected.

RBS has been hard hit by the global credit crisis, and is one of three high-street banks that had to be bailed out by the government last month.

A spokeswoman for RBS declined to comment in detail on the news, but said: "We constantly review our operating model to make sure that it is appropriate to the market condition, and take action accordingly."

RBS has about 170,000 staff worldwide, of which about 100,000 are in Britain.

Source : AFP
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The Aminos said...

Will RBS go Bankrupt? I still have some money in there. In RBS Penang Malaysia.

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