ROYAL Bank of Scotland International staff in Jersey were told this morning that 68 jobs had to go across its offshore operations.
Bosses at the bank delivered a simultaneous announcement across all departments in Jersey at around 9 am as part of a major restructuring programme. All lower-level employees were told that letters had been posted to their home addresses today inviting them to take voluntary redundancies and it is understood that senior employees were being spoken to individually.
It is understood that staff were told that the losses were expected to be most felt in Jersey, as it was the largest in its offshore network and that RBSI – which includes NatWest and Coutts – had until 20 March before compulsory redundancies would be enforced.
The bank has suffered unprecedented losses in recent months despite a £20bn bail-out by the UK government. An official statement from the bank was expected some time today, which would spell out the staff cuts in Jersey, Guernsey, the Isle of Man and Gibraltar.
Pictured: The headquarters of RBSI in Bath Street
