RBS to shut Telford office
Banking giant RBS is to close its Telford operation with the loss of 500 jobs.
The closure of the bank's debt management and fraud office will take the biggest hit in a round of 690 jobs set for the axe across the country. Forty jobs will go in Leeds and another 150 will go in Plymouth.
RBS, which is now 83 per cent owned by the taxpayer, first announced it would cut 3,500 jobs in September last year.
An RBS spokesman said: "We announced last September that we would be reducing the number of centres we operate from, and that, regrettably, this would lead to job losses. We identified the sites that would close over the next two years and committed to giving our employees 12 months' notice of the closures taking place.
"We will do all we can to support our employees, offer redeployment opportunities wherever possible and to keep compulsory redundancies to an absolute minimum. Having to cut jobs is the most difficult part of our work to rebuild RBS and repay taxpayers for their support."
