On Air Now

Listen

Listen Live Now » 101.9 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
73° Feels Like: 73°
Wind: S 12 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Isolated Thunderstorms 61°

Tomorrow

Partly Cloudy/Wind 83°

Thurs Night

Partly Cloudy 72°

Alerts

Royal Bank of Scotland to cut 1,400 jobs in UK

A logo at a Royal Bank of Scotland (RBS) branch is seen in the City of London March 6, 2013. REUTERS/Toby Melville
A logo at a Royal Bank of Scotland (RBS) branch is seen in the City of London March 6, 2013. REUTERS/Toby Melville

DUBLIN (Reuters) - Royal Bank of Scotland will cut 1,400 jobs over the next two years in a restructuring of its retail head office in Britain, the part-nationalized bank said on Thursday.

In a statement, the chief executive of RBS's UK retail business, Ross McEwan, said the bank would try to avoid compulsory redundancies by redeploying staff where possible.

Trade union Unite described the job cuts as "brutal".

(Reporting by Carmel Crimmins; Editing by Anthony Barker)

Comments