RBC Investor & Treasury Services, based in the iconic red tower in Belval, currently employs 1,170 staff and 320 consultants in Luxembourg
Photo: Olivier Minaire (archives)
RBC Investor & Treasury Services is planning to cut 305 staff at its Belval HQ, according to media reports.
The bank, a subsidiary of one of Royal Bank of Canada, is preparing to implement a new redundancy plan, according to the Luxembourg Times, which cited “two sources familiar with the matter”. It currently employs 1,170 staff and 320 consultants in Luxembourg following a cut of 201 jobs from its payroll back in 2013.