Royal Bank of Scotland (RBS) is planning to cut 3,500 jobs in UK as part of its plans to repay its bailout from the taxpayer and make its business more efficient.
The latest cuts come on top of 9,000 job cuts announced by RBS in 2009. Since then RBS has shed more than 20,000 jobs.
RBS will close 12 sites across the UK and plans to put three under review. Back-office and IT staff are expected to be hit hardest by the move.
The move will primarily affect Leeds, Bolton, Enfield, Harrogate, Bristol, Borehamwood, Liverpool, Milton Keynes, Plymouth, Telford, Bradford and Norwich sites.
RBS Scotland employees will not be affected by this move. The bank plans to create 200 jobs in Scotland over the next two years.
A RBS spokesman said that the company continues to make efficiencies across its business and adjust plans in line with the divestments it has been required to make by the European Union.