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Royal Bank of Scotland: announcement of new cuts soon, more than 20 jobs at risk

With the drastic cut, the workforce of the Scottish banking group would return to the level of more than ten years ago – The announcement should arrive next week – The measure is part of the turnaround plan – Shares on the rise on the London Stock Exchange.

Royal Bank of Scotland: announcement of new cuts soon, more than 20 jobs at risk

Royal Bank of Scotland (RBS) should announce new workforce cuts next week.

He states it The Telegraph, specifying that more than 20 thousand employees of the banking group are at risk, out of a total of 120 thousand. In this way, Rbs' workforce would return to the level of more than ten years ago.

This measure, according to the newspaper, is part of the turnaround plan envisaged by CEO Ross McEwan, who is under pressure to restore the group's accounts. RBS losses in 2013 are estimated at almost £8bn.

On the London Stock Exchange the title Rbs was up 1,26% at 16.30pm.

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