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Royal Bank of Scotland to Cut 400 Jobs, Shift Them to India
June 28, 2017
British Finance and Insurance Institute Royal Bank of Scotland has announced that it will be cutting 443 jobs pertaining to personal loans and shift most of them to India. The lender said that the shifting of jobs is a part of its ongoing cost-cutting drive as the bank is becoming “simpler” and “smaller”.
The lender also said that it would support the staff troubled by the job cuts and offer new roles as appropriate and possible.
RBS’s move to shift jobs to India will allow it to run operations at lowest costs although the British workers and taxpayers both will be affected by it.
