No offshoring in ABN Amro deal, says RBS


No offshoring in ABN Amro deal, says RBS

Karl Flinders

Royal Bank of Scotland (RBS) has ruled out offshoring IT jobs if it takes over the global wholesale and international retail divisions of Dutch bank ABN Amro.

RBS plans to acquire these divisions of ABN Amro if the consortium it heads wins the battle to take over the bank, following a £47.8bn offer. RBS is competing against Barclays to buy ABN Amro.

An RBS spokesman said, "RBS would not be looking to offshore any jobs other than those already offshored." ABN Amro already has a considerable number of offshore workers.

As well as RBS, the consortium includes Banco Santander of Spain and Belgian-Dutch group Fortis.

RBS's strategy contrasts with Barclays' strategy if it takes over ABN Amro, to transfer 10,800 jobs, including IT, to low-cost countries.

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