RBS to cut 443 jobs in UK, move many of them to India

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British lender Royal Bank of Scotland is wanting to cut 443 occupations managing business loans and a considerable lot of them will move to India, the bank said.

The Edinburgh-based bank said the cuts were a piece of a rebuilding gone for turning into a smaller bank.

“We understand this will be troublesome news for staff and we will do all that we can to support those influenced,” the bank said in an announcement. “All parts which require client contact will stay in the UK.”

RBS, which is more than 70 percent state-possessed, is amidst a major rebuilding gone for restoring the bank to benefit after very nearly a time of straight years of misfortunes.

The bank was saved with a 46 billion pound ($58.48 billion) state bailout amid the 2007-09 financial crisis.

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