It seems RBS has well and truly caught the offshoring bug. I remember talking to representatives a couple of years ago who were proud to say RBS had a policy not to offshore IT.
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According to reports the bank has now decided to send another 500 jobs to india as part of a reduction of 2600 roles.
Since the bank was bailed out in October 2008 it has cut over 22,000 jobs, many IT.
I had an interesting conversation with an IT professional in February about RBS. He used to work at RBS so I asked him whether he thought the bank’s current financial woes would lead to more offshoring. RBS which is over 80% owned by taxpayers lost £3.6bn in the last year.
He told me that the bank is gradually sending more jobs overseas to RBS India.