RBS to offshore hundreds more jobs

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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.

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.

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This page contains a single entry by Karl Flinders published on May 10, 2010 5:52 PM.

Indian IT giant could soon target UK SME was the previous entry in this blog.

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