RBS to reduce branch managers from NatWest unit

18th Jun 2014 17:09

Royal Bank of Scotland (RBS) is planning to reduce the number of its branch managers from its NatWest division in England and Wales by 245, the state-backed lender announced on Wednesday.The bank will slash 361 branch managers but create 116 jobs at a more senior level by linking more of its branches together under the same manager. RBS said it will also create 45 new customer services roles at NatWest, resulting in a net reduction of 200 jobs."All of our branches will continue to have a branch manager - this change will not affect how we serve our customers," a NatWest spokesperson told Reuters.RD