Royal Bank of Scotland RBS Layoffs Job Cut: fires 9000 more employees: Finance Trading Times

Royal Bank of Scotland RBS Layoffs Job Cut: fires 9000 more employees

The news is from Royal Bank of Scotland RBS, which is reported to be going for further layoffs. The news is not good for the employees of the Royal Bank of Scotland RBS as the organization is going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Royal Bank of Scotland RBS. Royal Bank of Scotland RBS
How many employees may be fired in the Royal Bank of Scotland RBS layoffs?
As per the reports, there are going to be 9000 job cuts by RBS. These will be in addition to 2700 job cuts already announced by the bank earlier.

What is the total no. of employees of Royal Bank of Scotland RBS ?
The total no. of employees of RBS is not known as of now.

What will be the cost and savings by Royal Bank of Scotland RBS layoffs?
It is expected that the layoff will save an estimated £2.5 billion($3.7 billion), over the next 3 years.

When will the Royal Bank of Scotland RBS layoffs happen?
No concrete dates.

Which locations and department of employees will be affected by the Royal Bank of Scotland RBS layoffs ?
Around 50% of these job cuts are expected to be in Britain alone. Rest will be done worldwide. Jobs will be primarily going in Back office department.

What is the primary reasons for Royal Bank of Scotland RBS layoffs?
It's all about the worsening market situation, economy and big budget deficit.

Any other news about Royal Bank of Scotland RBS layoffs
As per NYTimes, the bank is struggling to repay $160 billion U.S. of State aid received to save it from over-expansion and failure following the late 2008 global filnancial services meltdown.
Let's hope that alternative jobs are available to the affected employees of Royal Bank of Scotland RBS Layoffs Job Cut
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