RBS Boss Might Get A £4.3M Bonus As Bank Plans To Sack 5,000 Employees

Royal Bank of Scotland is a taxpayer-controlled bank and is amid a controversial situation. RBS is planning to give a £4.3million bonus to the head of RBS’s troubled investment banking division, John Hourican in April. And while this news is surfacing it is also being said that many of its staff will be paying for this bonus for this one executive with their jobs. RBS is also being rumored to sack about 5,000 of its staff. What is important to note is, that all this is happening post Prime Minister David Cameron’s attack on bosses who accept huge salaries and bonuses when their companies are struggling.

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