Hạ Long -

Vietnam Travel

- Halong Cruises - Travel Company In Vietnam - Vietnam Travel Agency - Ẩm thực - Vietnam Tourism -

Travel To Vietnam

- Hotel in halong

British bank RBS to cut 9,000 more jobs

Published: 07/04/2009 05:00

0

139 views

The Royal Bank of Scotland decided Tuesday to eliminate an additional 9,000 jobs, half of them in Britain, the British Broadcasting Corporation reported.

File photo taken on March 24, 2009 shows a flag of the Royal Bank of Scotland (RBS) flying over a building at the financial hub of London, capital of Britain. RBS said on April 7 that it might cut up to 9,000 jobs over the next two years, including 4,500 in the UK, in order to reduce cost. (Xinhua/Zeng Yi)

The job cuts were believed to be mainly in such divisions as document processing, information technology, procurement and bank property, according to the BBC.

The job cuts were on top of 2,700 job losses already announced by the RBS in Britain this year, the BBC reported

Group Manufacturing is the biggest single part of the troubled financial giant, employing 45,000 people worldwide at a cost of 1.2 billion pounds (about 1.78 billion U.S. dollars) last year.

Of the 45,000 Group Manufacturing staff, 27,000 work in Britain.

The British hub of Group Manufacturing is in Edinburgh, where the group is also headquartered, with other significant employment centers, including NatWest, London, Manchester and Bristol.

It is likely that the announcement will be the largest single batch of job eliminations as the company seeks 2.5 billion pounds (about 3.7 billion dollars) in cuts in its cost base over the next two years.

The whole company employs more than 170,000 people, 106,000 of whom work in Britain.

VietNamNet/Xinhuanet

Provide by Vietnam Travel

British bank RBS to cut 9,000 more jobs - International - News |  vietnam travel company

You can see more



Halong Cruises

Prev Next

enews & updates

Sign up to receive breaking news as well as receive other site updates!

Ads by Adonline

La Belle Vie Hotel