Royal Bank of Scotland to Cut 3500 Jobs in the UK

Royal Bank of Scotland announced it will cut 3500 jobs in the UK in 2011 and 2012. A spokesman for the Unite trade union described this decision as a “horror story”. Following the global financial crisis RBS has axed more than 20’000 jobs.

On Thursday and Friday Covalence EthicalQuote database has integrated several news items from English, French and German sources on this story.

The EthicalQuote score calculated for Royal Bank of Scotland went down in 2008 and 2009, and has been stable in 2010; it is positively correlated to the company’s stock price.

More on Royal Bank of Scotland: Ethical Snapshots | Live EthicalQuote | Company Report

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