RBS 'to announce insurance office closures'
Royal Bank of Scotland will today reveal office closures at its Churchill and Direct Line business as part of existing plans to cut 2,000 jobs.
The part-nationalised bank is expected to outline the closures to staff this afternoon as part of a previously announced move to shed jobs at the insurance division, which it was ordered to sell by the European Commission by 2013.
It is thought that its Atlantic Quay offices in Glasgow – which employs around 640 staff – are among those set to be axed, although the group is understood to be planning to create jobs elsewhere in the city.
RBS – 83% owned by the taxpayer – said: “We announced in May that we were looking to consolidate our UK office network as part of our plans to achieve efficiencies across our insurance business as we prepare it for sale as mandated by the EU.
“However we do not comment on speculation and have a commitment to our staff that we will always tell them first if we are announcing any changes that affect them.”
