Announcement

Michael Moore comments on RBS news of job losses

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Michael Moore expresses his concern following the news that RBS is to lose 3,500 across the UK over the next year.

The Secretary of State for Scotland Michael Moore has expressed concern today following the news that RBS is to lose 3,500 across the UK over the next year, but stressed the ongoing strength of the Scottish financial services sector in Edinburgh and elsewhere.

He said: “There is no ducking the fact that this is unwelcome news for RBS and those whose jobs are affected. It follows other poor news from the Scottish financial services sector and other employers recently . Along with Ministerial colleagues I am actively engaged in efforts to strengthen the sector and the economy as a whole.

“We are in contact with the Chief Executives of RBS and other affected companies in Scotland. The industry has gone through many changes and has a great underlying strength but is clearly adapting to new circumstances. We are all working to ensure it will emerge stronger and more secure for the future.”