RBS Announces 9,000 More Layoffs

by Jordan Yerman | April 7, 2009 at 09:46 am

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RBS (Royal Bank of Scotland) is cutting 9,000 jobs, on top of the layoffs previously announced.

The cuts will affect IT, Group Manufacturing, and document processing, with half of the layoffs affecting UK employees, even as management says that it will do its best to minimize "compulsory redundancies".

Currently supported by government money, RBS has to recover within a few years.

The company would not say where the job losses would have most impact within the UK. Unions described the news as "truly devastating".

The cuts come on top of the 2,700 job losses already announced by RBS in Britain this year.