Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Royal Bank of Scotland (RBS) Group has announced that it will close one of its contact centres in Leicester, England, by December 2018, making a minimum of 179 employees redundant.
In a statement, the Bank said that the number of redundancies would be kept to an ‘absolute minimum’ and that many of the 350 staff working at this contact centre would be relocated to other offices. Representatives of Unite the union, Britain's biggest trade union, said the job cuts were a ‘great disappointment’ to the staff.
In May RBS announced that it would cut 792 jobs as it planned to close over 150 branches in England and Wales. A previous wave of branch closures was announced at the end of 2017.
Eurofound (2018), Royal Bank of Scotland (RBS), Closure in United Kingdom, factsheet number 94310, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/94310.