Another 3,500 jobs to go at RBS

Sep 2 2010

Royal Bank of Scotland is axing another 3,500 jobs under plans to more than halve the bank's administration centres across the UK.

Part-nationalised RBS said the job losses would go across back office and IT functions in the business services arm - coming on top of the division's 9,000 job cuts announced last year.

The bank, which is 83% owned by the taxpayer, will close 12 of its business services centres across the UK and put three under review.