Friday, 1 December 2017

Royal Bank of Scotland to close one in four branches and shed 680 jobs



RBS is closing 259 branches - one in four of its outlets - and cutting 680 jobs as more customers bank online.

 
The closures involve 62 Royal Bank of Scotland and 197 NatWest branches.


RBS, which is 72%-owned by the taxpayer, said it would try to ensure compulsory redundancies were "kept to an absolute minimum".


The bank said use of its branches by customers had fallen 40% since 2014, but the Unite union, which represents bank staff, called the cuts "savage".


Following the closures, the RBS group will be left with 744 branches.


An RBS spokesperson said: "More and more of our customers are choosing to do their everyday banking online or on mobile.


"Since 2014 the number of customers using our branches across the UK has fallen by 40% and mobile transactions have increased by 73% over the same period. Over 5 million customers now use our mobile banking app and one in five only bank with us digitally.


"We realise this is difficult news for our colleagues and we are doing everything we can to support those affected."




BBC        News.