Layoffs hit Citizens Bank in RI, state’s No. 2 corporate employer

Citizens Financial Group has laid off an unknown number of employees across 12 states including Rhode Island, a bank spokeswoman tells WPRI 12. The bank is Rhode Island’s second-biggest corporate employer, behind only CVS Caremark, and its seventh-largest non-governmnet employer, according to the EDC.

Citizens is owned by the Royal Bank of Scotland, which remains 84% owned by the British government after it required a bailout to stay afloat amid the 2008 financial crisis.

• Related: Analysts: RI exports face ‘low risk’ from European recession (Nov. 15)

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