Both RBS and HSBC have announced further job cuts. Royal Bank of Scotland (RBS) is to cut a further 1,400 jobs from its retail banking head office over the next two years. Most of the job losses are expected to be at RBS's offices in Edinburgh. Trade union Unite has described the cuts as ‘brutal’. Meanwhile, the bank HSBC has said it may cut an additional 14,000 jobs globally as part of a restructuring plan to reduce costs and increase profitability.
English: http://www.bbc.co.uk/news/business-22550543
http://www.bbc.co.uk/news/business-22537306
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.