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RBS to axe branch managers

Royal Bank of Scotland has confirmed it is to cut about one in five of its branch managers in Scotland. The move is part of a major shake-up at the group announced late last year by the bank’s new chief executive, Ross McEwan. The bank said the headcount reduction would simplify operations, but every branch would still have a manager. A total of 58 manager or deputy manager posts will be lost in the move. In a statement, the Edinburgh-based bank said: “All of our branches will continue to have a branch manager – this change will not affect how we serve our customers. This is clearly difficult news for staff affected by these changes.”

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