London/Bengaluru — Britain’s Royal Bank of Scotland will cut almost 900 technology jobs at its London office by 2020, in its latest plan to reduce costs, the Unite union said on Tuesday. Taxpayer-backed RBS plans to cut 40% of permanent IT staff, or 650 jobs; and 65% of contractors, which equate to 230 roles, Unite said. There would be 950 full-time IT staff by 2020, compared with 2,200 in 2016, the union said. "RBS’s fixation with cutting employee numbers, restructuring and offshoring work that could reasonably be done by displaced staff within the RBS IT community is unacceptable," Rob MacGregor, Unite national officer, said. "Unite is angry that the massive scale of IT job losses will sap morale, productivity and faith in the company." RBS, which was not immediately available for comment, is more than 70% state-owned and is in the midst of a major restructuring aimed at returning to profit after almost a decade of losses. Earlier this month, the Edinburgh-based lender, rescued in...

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