AROUND 50 members of staff at the Royal Bank of Scotland International will be made redundant as part of a move to “simplify” operations during a shift to a more digital finance industry.
RBSI said the redundancies – which will impact roles across Jersey, Guernsey, Gibraltar and the Isle of Man – reflect the “evolving” nature of financial services.
The company said that “some” operational roles will be made more streamlined with “clearer accountability” by centralising teams and focusing on ensuring customers receive “the best possible service”.
A spokesperson for RBSI said that centralising some teams means it will benefit from the “scale, investment and expertise” available as part of the NatWest group.
Changes will not affect the institution’s commitment to serving customers across jurisdictions, the spokesperson added.
Impacted staff are being supported through the changes and offered alternative roles “where possible under ringfencing rules and regulation”.
It comes just days after it emerged that Aztec, a finance firm which employs 750 staff in the Channel Islands, is evaluating dozens of roles worldwide as part of a “limited” review.
Aztec, which employs 2,200 staff members globally, told staff that less than 3% of roles would be at risk – potentially up to 66 people.
