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


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.

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

(Reporting by Carmel Crimmins; Editing by Anthony Barker)