Monday, Apr 28, 2008
RBS seen axing 7,000 jobs
reuters: RBS seen axing 7,000 jobs
Royal Bank of Scotland will this week start the integration of ABN AMRO's investment bank in a move likely to trigger the loss of about 7,000 jobs out of a combined total of 28,000, the Financial Times said.
Posted by mark @ 10:10 AM (282 views) Add Comment
3 Comments
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1. dohousescrashinthewoods said...
That would be a 25% cut in the workforce?
Yowsers. "Economic fundamentals remain strong, such as low unemployment".
2. Hosko said...
Job losses as a result of a merger are nothing new - in fact it's usually pretty much standard operating procedure to get rid of jobs that overlap between merged entities so in itself it's a pretty incidental story.
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