13th Feb 2017 06:20
LONDON (Alliance News) - Royal Bank of Scotland Group PLC is preparing to cut more than GBP1 billion of annual operating costs by eliminating jobs and closing branches, according to reports citing people familiar with the matter.
Senior executives reportedly believe RBS has more staff than it requires and will cut more jobs.
RBS will unveil fresh plans to meet profit targets alongside annual results on February 24.
The Sunday Times said RBS needed to cut 15,000 jobs.
Copyright RTT News/dpa-AFX
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