Feeds

Britain's bank slashes tech jobs

Keeping taxpayers' money safe by sacking taxpayers

Remote control for virtualized desktops

Royal Bank of Scotland - which is mostly owned by us - is slashing back office and technology jobs in its wealth management division.

The bank stressed it would try to avoid compulsory redundancies and said that less than a quarter of the previous 2,600 redundancies in its insurance business were compulsory.

The bank said: "We are working hard to rebuild RBS in order to repay taxpayers for their support and having to cut jobs is the most difficult part of this process. Today we are announcing a major investment in our processes and technology in our Wealth Management division to help us deliver better service and a wider choice for our clients. As a result of the changes we are restructuring our operations and this will unfortunately lead to job losses. We will do all we can to support our staff through this process and to keep compulsory redundancy to an absolute minimum. So far the job losses we've announced to date have resulted in fewer than one in four people being made compulsorily redundant".

But a spokesman for the Unite union said there was no reason why investment in new technology should mean job cuts.

The wealth management division employs 3,500 people in Edinburgh and London. Some 500 jobs are expected to go, according to Computerworld.

RBS brands include Coutts, NatWest, Citizens Financial Group in the US and insurance brands Churchill and Direct Line. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?