RBS Decimates Bank Branch Network And Betrays Local Communities
Unite, the UK’s largest union, representing staff across RBS, today (Friday 1 December) accused the taxpayer backed bank of decimating its branch network and betraying communities, following the bank’s announcement to cut a quarter of its branches.
The union says serious questions need to be asked about whether these closures mark the end of branch network banking. Why is the Government signing off this alarming branch closure program?
The taxpayer backed bank is decimating its bank branch network by closing a further 259 branches across the country resulting in another 1,000 staff losing their jobs.
This latest announcement comes on top of previous branch closure announcements which resulted in over 500 branches being lost. Royal Bank of Scotland continues to be majority taxpayer supported, yet thousands of taxpayers are now being denied access to local banking.
Rob MacGregor, Unite national officer said:
“The Royal Bank of Scotland has decided to decimate its bank branch network. Now serious questions need to be asked about whether these closures mark the end of branch network banking.
This announcement will forever change the face of banking in this country resulting in over a thousand staff losing their jobs and hundreds of high streets without any banking facilities.
“The closure of another 259 branches is savage and represents a betrayal of loyal staff and customers who have supported the bank for decades. Why is the Government signing off this alarming branch closure program?
“A decade of slashing jobs has done nothing to boost morale, increase consumer confidence or improve the bank’s performance. This British-taxpayer funded bank should be concentrating on investing in jobs here in the UK, rather than cutting them wholesale.”
The government continues to own a 71 per cent stake in RBS.
RBS Decimates Bank Branch Network And Betrays Local Communities, 1st December 2017, 20:29 PM