Menu
10/02/2010
Halifax Closes With Loss Of 750 Jobs
Ireland's employment woes continue as the Bank of Scotland has announced it will be closing its network of financial services in the state, costing some 750 jobs in the sector.
Announcing the decision today, the Bank of Scotland said it would be withdrawing from Retail and Intermediary banking, which includes the Halifax retail bank network in the Republic of Ireland and the Bank of Scotland (Ireland) Asset Finance and Homeloans businesses.
A statement from the bank said Halifax in the Irish Republic would close on a phased basis from the end of May 2010, including the 44 retail branches, the customer service centre in Dundalk and direct support functions.
There would also be a withdrawal of Halifax products for new business effective from today.
A spokesman for the bank said: "Following a strategic review, Bank of Scotland (Ireland) intends to reshape its business to reflect the continuing and very difficult economic environment, and to secure a viable future for the Bank. As a result, the Bank plans to focus on its established strengths of corporate and commercial banking and is committed to maintaining a strong presence in the Irish Market.
"Halifax deeply regrets having to announce its intention to close and would like to thanks customers for their business and support."
The bank is cutting 400 jobs across the nationwide Halifax branch network, 220 jobs at a specialist finance unit in the head office on St Stephen's Green in Dublin and 130 posts at its customer service centre in Dundalk.
(DW/GK)
Announcing the decision today, the Bank of Scotland said it would be withdrawing from Retail and Intermediary banking, which includes the Halifax retail bank network in the Republic of Ireland and the Bank of Scotland (Ireland) Asset Finance and Homeloans businesses.
A statement from the bank said Halifax in the Irish Republic would close on a phased basis from the end of May 2010, including the 44 retail branches, the customer service centre in Dundalk and direct support functions.
There would also be a withdrawal of Halifax products for new business effective from today.
A spokesman for the bank said: "Following a strategic review, Bank of Scotland (Ireland) intends to reshape its business to reflect the continuing and very difficult economic environment, and to secure a viable future for the Bank. As a result, the Bank plans to focus on its established strengths of corporate and commercial banking and is committed to maintaining a strong presence in the Irish Market.
"Halifax deeply regrets having to announce its intention to close and would like to thanks customers for their business and support."
The bank is cutting 400 jobs across the nationwide Halifax branch network, 220 jobs at a specialist finance unit in the head office on St Stephen's Green in Dublin and 130 posts at its customer service centre in Dundalk.
(DW/GK)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
19 August 2010
Jobs Lost As Lloyds Shut BoI
The Bank of Scotland is closing Bank of Scotland Ireland (BoSI), which has an office in Belfast as well as Dublin and will transfer its business to its parent company. Most of the 800 staff will transfer to this firm, however, there will be 35 compulsory redundancies in some areas.
Jobs Lost As Lloyds Shut BoI
The Bank of Scotland is closing Bank of Scotland Ireland (BoSI), which has an office in Belfast as well as Dublin and will transfer its business to its parent company. Most of the 800 staff will transfer to this firm, however, there will be 35 compulsory redundancies in some areas.
16 February 2010
Union Ballot For Action Over Halifax Jobs
Trade union Unite has said it will be balloting its members at Bank of Scotland Ireland (BoSI) seeking a mandate for industrial action over the loss of hundreds of jobs. Last week BoSI announced plans to close its 44 Halifax branches in Ireland with the loss of 750 jobs.
Union Ballot For Action Over Halifax Jobs
Trade union Unite has said it will be balloting its members at Bank of Scotland Ireland (BoSI) seeking a mandate for industrial action over the loss of hundreds of jobs. Last week BoSI announced plans to close its 44 Halifax branches in Ireland with the loss of 750 jobs.
26 January 2009
Bank Seeks Redundancies As Recession Bites
As shock news emerged today that more that 700 jobs are to be lost at the Ulster Bank across Ireland, there's yet more evidence that the recession is hitting hard with shock redundancies predicted across the UK's steel industry.
Bank Seeks Redundancies As Recession Bites
As shock news emerged today that more that 700 jobs are to be lost at the Ulster Bank across Ireland, there's yet more evidence that the recession is hitting hard with shock redundancies predicted across the UK's steel industry.
28 June 2006
Two Major Shannon Expansions Of International Companies
Micheál Martin, Irish Minister for Enterprise, Trade and Employment, has announced expansions by two international companies at Shannon Free Zone that will generate up to 285 new jobs over the next five years. Minister Martin made the announcement from Japan where he is accompanying 30 Irish companies on an Enterprise Ireland Trade Mission.
Two Major Shannon Expansions Of International Companies
Micheál Martin, Irish Minister for Enterprise, Trade and Employment, has announced expansions by two international companies at Shannon Free Zone that will generate up to 285 new jobs over the next five years. Minister Martin made the announcement from Japan where he is accompanying 30 Irish companies on an Enterprise Ireland Trade Mission.
29 November 2017
LBG To Close 49 Branches
Unite the union has announced that Lloyds Banking Group (LBG) informed staff that they will be closing another 49 branches of the Halifax, Bank of Scotland and Lloyds Bank, resulting in 99 job losses.
LBG To Close 49 Branches
Unite the union has announced that Lloyds Banking Group (LBG) informed staff that they will be closing another 49 branches of the Halifax, Bank of Scotland and Lloyds Bank, resulting in 99 job losses.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
