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RBSI Announces Channel Island Job Cuts

by Philip Morton, Investors Offshore.com

15 July 2002

The Royal Bank of Scotland International (RBSI) announced last week that there will be job losses at both its Jersey and Guernsey operations.

The Jersey Evening Post reported on Thursday that the bank issued a statement explaining that up to 20 back office positions in its Jersey office, and around 10 from its Guernsey branch had been axed:

'The RBSI group is making some changes to its operations, which will have an impact on some staff but no impact on the way that customers deal with the banks in the RBSI group,' the statement read.

The JEP article revealed that the organisation's processing of inward payments operation will be relocated to the Isle of Man, and the administration of deposits will be centralised in Jersey.

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