RBS redundancies

Royal Bank of Scotland (RBS) is cutting up to 2,000 jobs in its investment bank.  The announcement takes the total number of job losses since 2008 to nearly 40,000. For further information, please click here.

The redundancies at RBS represent just under 20% of the employees in the investment banking division, totalling more than 11,000.

Redundancy is a potentially fair reason for dismissal. However, a dismissal for redundancy may be unfair if:

  • the redundancy situation is a sham;
  • the employer fails to consult;
  • the employer fails to adopt a fair selection process;
  • the employer fails to offer suitable alternative employment.

If you would like to discuss a redundancy situation at your place of work or have been asked to sign a compromise agreement, please get in touch with our London based employment lawyers for a free no obligation discussion. Our employment solicitors regularly negotiate high value termination packages and compromise agreements for senior executives in Canary Wharf and the City.

Call us today on 0207 956 8699 or email info@rllaw.co.uk.