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Royal Bank of Scotland is scrapping 443 UK jobs


Ross McEwan, Chief Executive of RBS (Royal Bank of Scotland) speaks to reporters and investors on Feb 27, 2014 in London, England.
Ross
McEwan, Chief Executive of RBS.

Getty

Royal Bank of Scotland (RBS) announced on Monday it will
be moving 443 UK jobs to Mumbai in a cost-cutting
measure.

The positions in doubt describe to a handling
of loans for tiny businesses, that have caused concerns
about either the process will turn some-more formidable if it
is partially carried out abroad.

RBS stressed, however, that nothing of a roles being changed to
India are client-facing, and that patron services
— including who makes decisions about either or not to
extend a loan — will continue to be carried out by workers in
a UK.

“As we turn a simpler, smaller bank, we are creation some
changes to a approach we offer a customers,” a spokesperson
from RBS told a BBC.

But Unite kinship were endangered about a implications of the
change. “By shipping these jobs to India, RBS will be getting
that work finished some-more low during a cost of jobs and
livelihoods in a UK,” a orator told a BBC.

The Royal Bank of Scotland Group owns both RBS and Natwest banks.
The organisation is infancy owned by a UK government,
following its £45
billion bailout ($58.65 billion) after a 2008
financial crisis.

The news comes after a bank announced in May that it would
cut nearly 250 jobs in a record department, many
of that would be changed to India. This stirred Unite national
officer Rob MacGregor to comment, “Unite can't know how
RBS, that continues to be taxpayer-backed, can clear hundreds
some-more staff cuts and continue transferring critical work out of
a country.”

“It is unconditionally inapt and undue for these technology
roles to be sent offshore. Unite has called on RBS to hindrance the
offshoring announcements and levy a duration on the
offshoring of jobs,” he said.

In a many recent annual
report, RBC Chairman Howard Davies described 2016 as “another
formidable year.”

 But a report
noted 

the organisation had
been

 successful in a goal
of “simplifying a bank,” that had concerned reducing
“operating losses by £800 million.”

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