
Some quarters of the media are predicting upwards of 20000 redundancies at RBS amidst a huge restructure announced today.
£325bn of toxic debt is being transferred into a government backed insured scheme.
"Sweeping changes" are pending but no specifics yet announced.
Staff are worried and angry at the BBC's report that the Bank's 50 year old former Chief Exec Sir Fred Goodwin is already receiving a pension of £650000 per year!
More news on the redundancies as we receive it.
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