RBS International is planning to cut 55 jobs across all of its offshore jurisdictions as part of a strategic review.
The job cuts will include 26 in Jersey, nine in the Isle of Man, three in Guernsey, and others in Gibraltar.
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The culls account to 5% of the RBS International workforce, 750 of which are in Jersey.
The bank said in total 92 jobs are at risk, with 87 based in Jersey and five in Guernsey including both senior management roles and clerical positions.
Additionally, the job cuts will include retail and international personal banking; corporate and markets; and strategy, business management and controls; as well as a number of personal assistants.
Adrian Gill, RBS International’s chief executive said the move is to make RBS a smaller, simpler and smarter bank.
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By GlobalDataGill added that few staff will be able to move jobs but there will be redundancies.
Following the move, RBS International will continue to operate across Jersey, Guernsey, the Isle of Man and Gibraltar.
Rob MacGregor national officer Unite said: "The management should bear in mind that RBS was bailed out by the taxpayer – and its staff are taxpayers – and therefore it has a moral duty to maintain employment levels.
"The company is looking at every aspect of the business and that includes areas that make profits, such as RBSI. We condemn the latest round of job cuts which will hit these four off-shore banking centres and we will be working hard with the management to mitigate these job losses," MacGregor added.
