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Jul 30 - Fifteen NatWest Gibraltar Workers Could Lose Their Jobs

As a result of the strategic review announced by RBS at the end of February, up to 15 jobs could potentially be lost at the NatWest bank in Gibraltar. RBS trades as NatWest in Gibraltar and the move is part of a wider drive to make the banking giant a “smaller, simpler and smarter bank that puts the needs of its customers at its core.”

The bank says it will now focus on retail, personal and corporate banking and confirms that it is ending its association with the Gibraltar local clearing service.

A statement from the bank says that the “reduction in staff has been minimised as far as possible.”

“It is very much a regret that we will need to lose good and loyal people. There are new roles created but the changes will result in some redundancies. Individual discussions have been held with all staff affected, to explain their position and options. Our first concern is that they are treated fairly, transparently and they will be supported throughout the process.”