RBS to cut 1 in 5 branch managers

RBS will cut a fifth of its Scottish branch managers. Picture: Bill Henry
RBS will cut a fifth of its Scottish branch managers. Picture: Bill Henry
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Royal Bank of Scotland has confirmed it is to cut about one in five of its branch managers in Scotland.

A total of 58 manager or deputy manager posts will be lost in the move which is part of a major shake-up at the group announced late last year by the bank’s new chief executive, Ross McEwan.

In a statement, the Edinburgh-based bank said: “All of our branches will continue to have a branch manager – this change will not affect how we serve our customers.

“This is clearly difficult news for staff affected by these changes.”

There has been a dramatic fall in the number of branch transactions since 2010 which have dropped by 30 per cent.