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17 September 2009

Time for banks to come clean on job losses

John Barrett, MP for Edinburgh West, today called for RBS to come clean on how many jobs will be lost in Edinburgh under leaked plans to offshore over 1,000 jobs.

In the past 18 months, 300 Scottish IT contractors at RBS have been laid off with the majority of jobs relocated to India. There are currently over 120 jobs being advertised on the RBS Indian website.

Leaked documents have revealed that 1,000 jobs are scheduled to be transferred overseas at the bank.

Speaking from Edinburgh, John said:

“It is only right that banks that are part owned by the taxpayer show some reciprocal loyalty in the way that they conduct their business.

“Now that the British taxpayer is the largest shareholder in RBS the board needs to take into account the wider effects on their workforce and the community. It is time for some honesty about how many jobs stand to be lost in Edinburgh.

“While a profitable bank will ensure that the taxpayer gets its money back this must not be at the expense of thousands of skilled jobs.

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This website was established while I was a Member of Parliament. The site content is being kept online as a source of information, but all forms / email have been disabled.