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Business News
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RBS outsourcing UK jobs to India
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Posted online: Sunday, July 08, 2012 at 12:39:19 PM
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London, July 8 : Bailed-out Royal Bank of Scotland is axing British jobs and sending them to India, according to a report.
According to The Sun, it is moving ahead with the cost cutting despite its catastrophic computer chaos, which left 17 million customers unable to get their money.
RBS, which owns NatWest and Ulster Bank, has, however, denied that its IT chaos has caused it to consider outsourcing as an option.ut experts have said that the bank recruited engineers in India earlier this year to work on the processing programme that caused the problem.
The taxpayer-owned bank even placed an ad in India to recruit a manager for its Delhi base, the report said.
RBS has been steadily shifting jobs to India from the UK. It now operates its own IT centres in Gurgaon, Chennai and Mumbai.
A former RBS worker has claimed that he had warned the company 18 months ago that sending more jobs to India would place the bank at "enormous risk".
Yet, a current RBS ad for a manager to oversee expansion of its operations there spoke of "further headcount migrations to India" and achieving "efficiency".
An RBS spokesman said: "The location of roles reflects the global nature of our business. However, our main data centres are, and will continue to be, located in Edinburgh and managed from there."
The Edinburgh-based bank made an operating profit of 1.2billion pounds in the first three months of the year. Chief executive Stephen Hester has pocketed more than 11million pounds in shares and cash since he was appointed in 2008. Yet he and his other executives decided they can save more money by "outsourcing" UK jobs to India.
Source-ANI
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