Monday 15 October 2018

Royal Bank of Scotland announce hundreds of job losses

Photo: GETTY
Photo: GETTY
Ellie Donnelly

Ellie Donnelly

Royal Bank of Scotland Group, of which Ulster Bank is a subsidiary, is to close 259 bank branches across the UK with the loss of 680 jobs.

The decision comes following a review of its branch network, and will result in 62 Royal Bank of Scotland (RBS) branches and 197 NatWest branches closing their doors.

Since 2014 the bank has seen a 40pc drop in the number of customers using its bank branches, while mobile transactions have increased by 73pc over the same period.

"We realise this is difficult news for our colleagues and we are doing everything we can to support those affected. We will ensure compulsory redundancies are kept to an absolute minimum," an RBS spokesperson said.

A spokesperson for the bank also confirmed to that Ulster Bank Northern Ireland and Ulster Bank Republic of Ireland would not be impacted by the closures.

Earlier this year Ulster Bank announced plans to close 22 branches across Ireland with the loss of 220 jobs. At the time the bank defended the lay-offs saying it was seeing an average of just 30 customers a day using the branches it was closing.

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