Sir Fred is “sorry”, but 2300 staff have to pay for his mistakes.

rbs

The bank’s former boss Sir Fred Goodwin appeared before the Treasury Select Committee today to apologise for what happened to RBS.
Derek Simpson, joint leader of the union Unite, said:

On the day that sorry appears to be the easiest word for the bosses, 2300 employees are left paying the price for management mistakes.

According to the Telegraph an incredible row is brewing this evening in Scotland, and no doubt quite soon elsewhere too, in the aftermath of those bankers appearing before the beaks at the Commons.

The reason is a simple one: It was only after the likes of Sir Fred Goodwin, the multi-millionaire former chief executive of that bust bank, had finished giving their half-baked apologies to MPs that news emerged that RBS was axeing 2300 jobs.

Furious politicians and union leaders in Scotland want to know why the bank, now almost three-quarters owned by the taxpayer, waited until after Sir Fred and Sir Tom McKillop, the former chairman, had given their evidence before releasing their bad news about these massive job cuts.

Job losses = 2300

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