A not-so-merry Christmas for RBS and Nat West staff as 680 jobs slashed

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RBS and Nat West are slashing 680 jobs in the run-up to Christmas as 259 branches are marked for closure.

The company has revealed it is to close 259 branches and axe 680 jobs in a move it says will cut costs and encourages customers to use online and mobile services.

The move means 62 Royal Bank of Scotland and 197 NatWest branches will close

RBS said it would try to ensure compulsory redundancies were “kept to an absolute minimum”.

The bank said: “We realise this is difficult news for our colleagues and we are doing everything we can to support those affected.”

“As customers continue to change the way they bank with us, we must change the way we serve them,” said an RBS spokesperson.

“So we are investing in our more popular branches and shaping our network, replacing traditional bricks-and-mortar branches with alternative ways to bank including community bankers, mobile bank on wheels, and Post Offices, so that we can reach even more customers.”