Feeds

Queen's bank Coutts to fire Bristol, IOM staff

Voluntary redundancies requested, or else...

  • alert
  • submit to reddit

High performance access to file storage

The Queen's bank, Coutts, is definitely outsourcing its IT, causing concerns about staff that will be lost and posing questions about the future of the bank, which deals with many accounts of both the very rich and very famous. Last Sunday, The Observer suggested such a move might be underway. Today, a source very close to Coutts Natwest Group showed The Register the definitive IT memo confirming the facts speculated last Sunday. According to the memo, which we have seen and which was delivered from Tony Hemming, director of IT at Coutts Natwest (CNGIT), to many IT staff at the joint banks, there will be a "number of initiatives which will result in a small number of IT positions no longer being required." Hemmings added in the memo that voluntary redundancies will be asked for first, but added that it could not be guaranteed that compulsory redundancies would be ruled out. Staff, particularly in the Bush Lane Bristol office and in the Isle of Man (IOM), are being asked today to apply for voluntary redundancies between now and the second of December, according to the memo. Further, Hemmings said, he is consulting the unions involved to see what can be done for those staff who cannot be sorted in the move. The union in question is UNIFI. Yesterday, Her Brittanic Majesty of the United Kingdom (Queen Elizabeth II), who banks at Coutts, like her sister Princess Margaret, delivered a speech on behalf of Tony Blair's government promising open government once more. Neither Coutts nor the NatWest Bank could be contacted at press time about the leaked memo. The source also showed The Register the IT roadmap ahead, although she was keen not to give us a copy. Hemmings is promising he will keep the IT staff updated on any new developments. His memo went out to the IT staff today. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.