Royal Bank of Scotland is cutting 2,300 jobs across its
back-office operations in the UK.
The move comes as RBS scales
down its business in response to the ongoing financial crisis.
Only last month, RBS axed 3,000 staff across its operations. RBS
is expected to announce the largest loss in UK corporate history
when it reveals its 2008 results.
RBS UK chief executive Alan Dickinson said, "It is essential
that we consistently review our business to ensure that we are able
to operate as efficiently as possible, especially in the current
economic circumstances."
RBS is currently under pressure about £1bn in bonuses it plans
to hand over to "high-performing" staff.
The government holds a 68% stake in the firm after bailing it
out with £20bn of taxpayers' cash.
