Projo Biz Blog

Layoff notices went out this week to some Rhode Island employees of Citizens Bank. But a company spokesman declined to say how many are losing their jobs.

Citizens spokesman Michael Jones said the layoffs are part of a job reduction announced in April by the Royal Bank of Scotland, Citizens' parent company. The Royal Bank of Scotland said it planned to eliminate 9,000 jobs world-wide over a two-year period, 1,250 of them at Citizens Financial Group in the U.S.

Jones said the layoffs mostly affect back office and support personnel. He said the local layoffs are part of an ongoing process but would not specific about the total number of Rhode Island who will lose their jobs when Citizens' downsizing is complete.

The Citizens Financial Group includes Citizens Bank in New England and Charter One in the Midwest. As of February, Citizens employed 5,500 people in Rhode Island.

 Tags  Citizens Financial Group layoffs Royal Bank of Scotland

Comments

notohappyinri said:

NANANANANA.. What's the matter Citizens? Not enough overdraft fees? I hope you go bankrupt!!Someone is finally cutting off your tentacles!!

Link | August 30, 2009 5:58 PM
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native said:

I agree with happy. $39 for an overdraft fee is ridiculous. Legal stealing from people who can't really afford it.

Link | August 31, 2009 9:45 AM
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brenda said:

I worked in that hellhole for a month or so, It felt like a slave ship. They have ignorant people in charge and it was worse than a factory..

I observed the kind of employees and management....people with hardly any education.

Also I felt for people caught up in the overdraft game. They all should be ashamed of themselves.

Link | September 24, 2009 7:36 PM
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