Another social plan at RBC ITS!

ALEBA has been made aware about RBC Investor & Treasury Services’ desire to terminate 226 employment contracts with Bank Employees, in addition to another 79 external services contracts between January 2020 and January 2021.

The reasons of this collective dismissal seem to be very similar to the last social plan back in 2013, where already 229 Employees were dismissed at RBC ITS.

But let’s face it, the restructuring’s objective is simply to raise the company’s results following promises of unreached 2019 budget targets.

More worrying, it does not seem to respond to a desire to prepare for the future.

ALEBA is outraged by this crazy race for profit! Always more profit at the expense of Employees and their families!

ALEBA, the first union of the financial sector, will obviously be present at the negotiating table and will accompany the affected Employees.

After Clearstream at the end of 2018, State Street Bank in May and HSBC Private Bank in June of this year, 345 employees have already lost their jobs as part of a social plan.

Pressrelease, October 25, 2019.


Sandra Carvalho, Head of Communications & Strategy ( / +352 223 228 306)