Standard Life Follows RBS In Announcing Job Cuts

The announcement of job losses at Standard Life follows the Royal Bank of Scotland’s announcement that it will make further cuts into its Contract and Permanent workforce with plans to shed a further 3,500 jobs in the United Kingdom. The next stage of the ‘efficiency drive’ at RBS follows the axing of 9,000 jobs at the part nationalised bank back in April this year. RBS said that headcount would fall by 1,000 at Technology Services and by 2,500 at Business Services and that the bank planned to close 12 sites that deal with IT and card processing.

A spokesperson for RBS said that “Having to cut jobs is the most difficult part of our work to rebuild the Royal Bank of Scotland and repay taxpayers for their support. We continue to make efficiencies across our business and adjust our plans in line with the divestments we have been required to make by the European Union.”

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