Home Business NewsBusinessBanking NatWest to make 550 redundancies as they move digital

NatWest to make 550 redundancies as they move digital

by LLB Finance Reporter
12th Aug 20 1:58 pm

NatWest are looking for 550 staff who will take voluntary redundancies as the banking giant moves towards digital services.

The bank who has seen more people move towards online services in recent years and particularly since the pandemic, however the bank did not directly blame coronavirus.

NatWest will provide a comprehensive package for those who volunteer to be made redundant.

A spokesperson said, “We have to respond to changing customer behaviour and the rising customer demand for digital banking services.

“We have taken the decision to invite applications for voluntary redundancy and will support those colleagues who apply with a comprehensive support package.

They added, “There will be no compulsory redundancy as a result of this announcement.”

“Our ways of working had been evolving, even before the coronavirus pandemic.

“We have been reviewing our London property strategy to better reflect how we will work in the future.

“As a result, we will exit Regents House, and will reconfigure our London remaining properties at 250 Bishopsgate and 440 Strand.”

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