Home Uncategorized Royal Bank of Scotland Insurance is to close offices and cut staff

Royal Bank of Scotland Insurance is to close offices and cut staff

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The company is set to close 14 of its 27 offices by 2013. The places earmarked for closure include the Direct Line call centre in Glasgow, two sites in Birmingham, two in Croydon and two in Bristol.

Other closures will be seen in Farnham, Ipswich, Manchester, Peterborough, Romford and Cardiff, although these will happen gradually over the course of around three years, according to the company.

RBSI announced in May that 2,000 jobs would go at its insurance division, which it was ordered to sell by the European Commission by 2013.

More than 600 jobs are set to go in Glasgow and all cuts are part of the previously announced 2,000 job losses.

A statement from the bank said: “We announced in May that we were looking to consolidate our UK office network as part of our plans to achieve efficiencies across our Insurance business as we prepare it for sale as mandated by the EU.  “However we do not comment on speculation and have a commitment to our staff that we will always tell them first if we are announcing any changes that affect them.”

Source : Insurance Age | 26 Aug 2010

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