RBC lays off 13 staff in Jersey and Guernsey

Keith Pearse, head of human resources for the international arm of RBC Wealth Management.

THIRTEEN people were made redundant at RBC in Jersey and Guernsey recently.
The systems and technology staff left the wealth management business. In addition, two took voluntary redundancy and another was redeployed to a different department within the group.
And according to Keith Pearse, head of human resources for the international arm of RBC Wealth Management, they all received compensation above the local statutory requirements. (from JEP)

I didn't think there were any "local statutory requirements" in Guernsey?