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BREAKING NEWS

Royal Bank of Scotland axes 3,000 jobs

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Royal Bank of Scotland axes 3,000 jobs

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The wave of expected job losses has hit the troubled banking trade as the Royal Bank of Scotland axes 3,000 jobs. The doomed positions represent 15 percent of its global banking and markets workforce and they are directly related to the world financial crisis. The cuts are not expected to affect staff in Scotland, although more redundancies are expected to be announced in the coming months.