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RBS cuts hundreds of UK IT jobs

The Royal Bank of Scotland is cutting hundreds of tech jobs as it prepares for life as a smaller organisation

The Royal Bank of Scotland is cutting more than 300 UK IT jobs, and the union representing many of its staff claims there are plans to offshore more IT work to India.

Union Unite said 334 jobs would be cut and others would be moved to India.

Taking into account the creation of new jobs, RBS said there would be a net loss of 92 permanent jobs and 154 contractors. The bank did not comment on the offshoring claims.

It said the job cuts were part of a restructure of its back-office operations as the state-owned bank shrinks. IT operations across the business will see cuts, including finance solutions, NatWest markets technology, payments, digital engineering services and risk solutions.

The bank said in a statement: “As RBS moves towards becoming a simpler, smaller, UK-focused bank, we’re continuing to restructure our back-office support and reducing its size so it’s a better fit for our business.

“Unfortunately, these changes will result in the net reduction of 92 roles.

“We understand this will be difficult news for staff, and we will be offering support to those affected, including redeploying people to other roles where we can.”

Unite national officer Rob MacGregor said: “Unite cannot understand how RBS, which continues to be taxpayer-backed, can justify hundreds more staff cuts and continue transferring important work out of the country.

“It is wholly inappropriate and unjustified for these technology roles to be sent offshore. Unite has called on RBS to halt the offshoring announcements and impose a moratorium on the offshoring of jobs. The loss of these jobs to India does nothing to support the well-being and livelihood of UK workers and their families. This is not in the taxpayer interest.”

On 22 June 2016, RBS announced it was cutting 900 IT and back-office jobs as part of a reorganisation that involved offshoring roles.

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