RBS axes over 600 UK financial services jobs
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RBS axes over 600 UK financial services jobs

www.reuters.com   | 19.06.2012.

LONDON (Reuters) - State-backed RBS said it will cut 618 jobs in Britain as a result of new legislation due to come into force at the end of the year which will see a major overhaul of customer services in the retail investment market.
RBS axes over 600 UK financial services jobs

The bank, which is 82 percent-owned by the government, said that it will be creating 351 new roles. However, the Unite union said the job losses were "brutal".

(Reporting by Matt Scuffham)


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