RBS close 14 offices under job cut plans
Royal Bank of Scotland is closing 14 of the 27 offices in its Churchill and Direct Line business under existing plans to cut 2,000 jobs.
Two offices will be shut in Glasgow, impacting more than 640 staff, while the raft of closures will also see offices shut in locations including Peterborough, Cardiff and Bristol.
The part-nationalised bank, which also owns Ulster Bank, delivered the blow to staff yesterday 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 said the offices will be shut over the next three years, although some are closing as soon as the fourth quarter of this year.
RBS hopes to redeploy staff where possible, with some employees transferred to nearby offices where there are more than one in the same location.
The chief executive of Glasgow Chamber of Commerce, Stuart Patrick, said he was "disappointed" by the job losses, but remained optimistic for the financial future of the city.
He said: "We are very disappointed at this net loss of 400 jobs, and sorry for the people involved.
"Given the circumstances, it has been a positive year for m Glasgow, with key job growth announcements from Tesco, Iberdrola and Scottish & Southern Energy.
"There is a real likelihood that the skills of the people who were given bad news today will be in demand both in the financial services and elsewhere."
Scottish Finance Secretary John Swinney said the decision was "hugely disappointing".
He added: "The Scottish Government has been engaged with RBS in an attempt to minimise the number of redundancies in Glasgow."