UK’s Unite labour union says RBS bank to cut 880 IT jobs by 2020

Bengaluru

UK labour union Unite said on Tuesday that Royal Bank of Scotland Group had informed staff of a further 40 per cent cut in IT jobs at the bank’s London office by 2020.

Coupled with a 65 per cent cut in the number of contractors employed by the bank, the total reduction would number 880, the union said in a statement. Branding the bank’s “fixation” with cutting jobs as “wholly unacceptable”, the union said there would be only 950 full-time IT staff by 2020, compared with 2,200 in 2016.