From the archive: Edinburgh spared the worst as RBS axe swings - 3 September, 2010
While the majority of the cuts will be in business services centres in England, about 1,000 posts are to go in the bank’s IT services division, which has a major hub in Edinburgh. However, RBS claimed the announcement would mean a net jobs gain for Scotland, as hundreds of the redundant roles are relocated north of the Border, where the bank plans to consolidate its back-office operations.
A further 500 back-office jobs will be moved overseas – to India, the Far East and the US.
Only seven days ago, RBS revealed it was to close two Glasgow offices belonging to its Direct Line insurance arm.