A major banking group has announced it will be making redundancies as part of a plan to “simplify” the way it operates amid a move to a digital finance industry.
Royal Bank of Scotland International, part of the NatWest Group, will make around 50 redundancies across Jersey, Guernsey and Gibraltar as part of a wider plan to “simiplify” operations and “ensure” that focus stays focused on “delivering the best possible service to our customers”, a spokesperson for RSBI said.
The company said that “some” operational roles will be made more streamlined with “clearer accountability” – by centralising some teams.
A spokesperson for RBSI said that centralising some teams means it will benefit from the “scale, investment and expertise” which is available to them as part of the NatWest group.
The bank added that these changes reflect the “evolving” nature of financial services, as part of a move to simpler and more digital financial industry.
Changes will not affect the institution’s committment to serving customers across jurisdictions, the spokesperson added.
They said: “We are supporting all impacted colleagues through the changes and offering alternative roles where possible under ringfencing rules and regulation”.
