Menu
03/07/2013
Ulster Bank Jobs Cut
Hundreds of jobs are to go at Ulster Bank, as the group forsees up to 39 more branch closures by the end of 2014.
Ulster Banks plans to "significantly" reduce its workforce, from around 5,800 full-time staff to between 4,000 and 4,500 by 2016.
The news follows the 950 job losses announced in January 2012.
The move is part of the bank's plan to return to profit by 2016.
Irish finance union IBOA described the cuts as a "bolt from the blue".
IBOA general secretary Larry Broderick said: "While everyone is aware that Ulster Bank's parent, RBS, is in some disarray at the moment and its commitment to its Irish operation has been the subject of much speculation recently, I sometimes wonder if the senior management in Ulster Bank are deliberately trying to sabotage the bank's future by their cavalier approach to their customers and staff."
In a statement, Ulster Bank said: "We believe that, taking account the 950 reductions announced in early 2012, the remaining decrease in headcount should be met through natural attrition over the remaining course of the strategic plan.
"We continue to keep our costs under review."
Alliance East Belfast MLA Judith Cochrane said: "It is not yet clear how many of these job losses will be in Northern Ireland. I will be seeking an early discussion with Ulster Bank to see the full extent of the impact of this announcement on Northern Ireland and I will be urging Ulster Bank and its parent company RBS to see what can be done to save as many jobs as possible.
"In making this announcement, Ulster Bank has once again shown little regard for their employees and customers. A number of branches have already been closed by several banks and one has to worry about the out workings of this announcement and the effect it will have on the branch network and the ability of customers to access services."
(IT/CD)
Ulster Banks plans to "significantly" reduce its workforce, from around 5,800 full-time staff to between 4,000 and 4,500 by 2016.
The news follows the 950 job losses announced in January 2012.
The move is part of the bank's plan to return to profit by 2016.
Irish finance union IBOA described the cuts as a "bolt from the blue".
IBOA general secretary Larry Broderick said: "While everyone is aware that Ulster Bank's parent, RBS, is in some disarray at the moment and its commitment to its Irish operation has been the subject of much speculation recently, I sometimes wonder if the senior management in Ulster Bank are deliberately trying to sabotage the bank's future by their cavalier approach to their customers and staff."
In a statement, Ulster Bank said: "We believe that, taking account the 950 reductions announced in early 2012, the remaining decrease in headcount should be met through natural attrition over the remaining course of the strategic plan.
"We continue to keep our costs under review."
Alliance East Belfast MLA Judith Cochrane said: "It is not yet clear how many of these job losses will be in Northern Ireland. I will be seeking an early discussion with Ulster Bank to see the full extent of the impact of this announcement on Northern Ireland and I will be urging Ulster Bank and its parent company RBS to see what can be done to save as many jobs as possible.
"In making this announcement, Ulster Bank has once again shown little regard for their employees and customers. A number of branches have already been closed by several banks and one has to worry about the out workings of this announcement and the effect it will have on the branch network and the ability of customers to access services."
(IT/CD)
Related Northern Ireland News Stories
Click here for the latest headlines.
12 January 2012
Ulster Bank To Lay Off 350 NI Employees
Ulster Bank is to slash its workforce by 950, with 600 redundancies in the Republic of Ireland and 350 in Northern Ireland. The bank's parent company, Royal Bank of Scotland also announced it will be laying off 3,500 staff in its investment wing, to compete with the financial sector.
Ulster Bank To Lay Off 350 NI Employees
Ulster Bank is to slash its workforce by 950, with 600 redundancies in the Republic of Ireland and 350 in Northern Ireland. The bank's parent company, Royal Bank of Scotland also announced it will be laying off 3,500 staff in its investment wing, to compete with the financial sector.
06 August 2010
Bad Debt Fears Stymie Ulster Bank
The Ulster Bank has reported a massive jump in operating losses for the first half of this year. Although its operating profit increased to £185m, that was wiped out by money set aside to cover bad loans meaning they had losses of £314m on an Ireland-wide basis.
Bad Debt Fears Stymie Ulster Bank
The Ulster Bank has reported a massive jump in operating losses for the first half of this year. Although its operating profit increased to £185m, that was wiped out by money set aside to cover bad loans meaning they had losses of £314m on an Ireland-wide basis.
19 February 2015
350 Jobs Announced At Ulster Bank
350 new jobs have been announced at the Ulster Bank Direct Customer Contact Centre in Danesfort in south Belfast.
350 Jobs Announced At Ulster Bank
350 new jobs have been announced at the Ulster Bank Direct Customer Contact Centre in Danesfort in south Belfast.
25 June 2013
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
15 November 2017
Ulster Bank To Close 11 NI Branches
Ulster Bank has confirmed it plans to close 11 branches next year in Northern Ireland. The bank confirmed it will be seeking 40 voluntary redundancies as a result of the closures. The branches to close are: Ballyclare, Dromore, Moira, Draperstown, Dungiven, Portrush, Killyleagh, Rathfriland, Castlederg, Irvinestown and Stewartstown.
Ulster Bank To Close 11 NI Branches
Ulster Bank has confirmed it plans to close 11 branches next year in Northern Ireland. The bank confirmed it will be seeking 40 voluntary redundancies as a result of the closures. The branches to close are: Ballyclare, Dromore, Moira, Draperstown, Dungiven, Portrush, Killyleagh, Rathfriland, Castlederg, Irvinestown and Stewartstown.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
