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DUBLIN (Reuters) - Royal Bank of Scotland will cut 1,400 jobs over the next two years in a restructuring of its retail head office in Britain, the part-nationalized bank said on Thursday. In a statement, the chief executive of RBS`s UK retail business, Ross McEwan, said the bank would try to avoid compulsory redundancies by redeploying staff where possible. Trade union Unite described the job cuts as `brutal`. (Reporting by Carmel Crimmins; Editing by Anthony Barker)
Thursday, May 16, 2013 12:36 |
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By Fredrik Dahl and Parisa Hafezi VIENNA/ISTANBUL (Reuters) - Iran faces international pressure in two separate meetings over its nuclear program on Wednesday, but with the Islamic state focused more on a June presidential election no breakthrough is expected in the dispute. In Vienna, the U.N. nuclear agency will once again urge Iran to stop stonewalling its investigation into suspected atomic bomb research by Tehran, which denies any intent to make such weapons. The talks are due to start around 10 a.m. (0400 ET). ...
Wednesday, May 15, 2013 00:09 |
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AMSTERDAM (Reuters) - State-owned Dutch bank ABN AMRO is to cut 400 jobs, about 2 percent of its workforce, as it prepares for an eventual sale. The bank, which on Friday posted first-quarter results hit by bad loans in its home market, said the cuts are part of a reorganization of its commercial and merchant banking division and will mostly be through natural attrition and reallocation. ABN AMRO, which was partly bought by Belgian group Fortis in 2007, was nationalized by the Dutch state a year later as part of the bailout of Fortis. ...
Friday, May 17, 2013 07:50 |
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