Royal Bank of Scotland says it will axe 3,500 jobs

2nd September 2010, Comments 0 comments

Britain's state-rescued lender Royal Bank of Scotland said Thursday it was cutting another 3,500 jobs, confirming an announcement by trade unions.

An RBS company spokesman told AFP that "3,500 job losses have been announced in the business services division," which comprises back-office functions such as IT and payment operations.

© 2010 AFP

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