'It's outrageous!' Taxpayer-funded RBS moves 450 key jobs to MUMBAI
HUNDREDS of jobs will be moved from Britain to Mumbai after The Royal Bank of Scotland secretly plotted to move the posts.
RBS is moving more than 400 jobs from Britain to Mumbai
As many as 450 key roles, arranging loans for small businesses, will be taken 4,500 miles away to India.
The taxpayer-owned ban made no public announcement but sent an internal message to staff.
The decision by the bank, which was bailed out by the taxpayer in 2008, has been met with fury by employees, MPs and Unions.
Labour MP and member of the Treasury Select Committee, John Mann, in the last Parliament, said: “It's outrageous that a Government-controlled bank is letting hundreds of British jobs go abroad, especially considering all the money British taxpayers put in to save it.”
Rob MacGregor, the Unite union's national officer for finance, said: “We understand the need for financial institutions to rationalise costs, but the jobs still need to be done.
“They get them done on the cheap and the British taxpayer and workers get shafted.”
Jobs for Royal Bank of Scotland will move from Britain to India
Royal Bank of Scotland: No public declaration over jobs leaving Britain
Indian news anchor reports her own husband's death
Many small business customers with RBS will be extremely concerned at the idea of local expert staff being sent packing
RBS stressed “all roles which require customer contact will remain in the UK” but sad 418 posts were to move.
The bank was given a aovernment bailout in 2008, which saw RBS given £45.5 billion.
Now taxpayers own 80 per cent of the bank.
Mike Cherry, chairman of the Federation of Small Businesses, said: “Many small business customers with RBS will be extremely concerned at the idea of local expert staff being sent packing and their roles outsourced to call centres halfway around the world.”
An RBS insider told The Mail on Sunday: “The bailout was done to help save the British economy so we find it unbelievable that taxpayers' money will be used to make British workers redundant. How does that help our economy?”
An RBS spokesman said: “As we become a simpler, smaller bank, we are making some changes to the way we serve customers.
“These changes will result in the net reduction of 443 roles in the UK. We will do everything we can to support those affected.”