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.
13 December 2024
Three Arrested In Connection With South Armagh Firearms Find
Police have arrested three men in connection with the discovery of firearms in Crossmaglen last year. Detectives from the PSNI's Organised Crime Branch, local District Police, and the Tactical Support Group carried out searches in South Armagh and Grantham, Lincolnshire on Thursday 12 December.
Three Arrested In Connection With South Armagh Firearms Find
Police have arrested three men in connection with the discovery of firearms in Crossmaglen last year. Detectives from the PSNI's Organised Crime Branch, local District Police, and the Tactical Support Group carried out searches in South Armagh and Grantham, Lincolnshire on Thursday 12 December.
12 December 2024
Five Arrested In Major Belfast Drug Bust
Detectives from the Police Service of Northern Ireland's Organised Crime Branch have arrested five people in connection with a major drug trafficking operation. The arrests were made on Tuesday 10 and Wednesday 11 December following a series of raids in the Greater Belfast area.
Five Arrested In Major Belfast Drug Bust
Detectives from the Police Service of Northern Ireland's Organised Crime Branch have arrested five people in connection with a major drug trafficking operation. The arrests were made on Tuesday 10 and Wednesday 11 December following a series of raids in the Greater Belfast area.
26 November 2024
Ergo Invests £4.5m In New Belfast Office And Creates 40 Jobs
A leading IT solutions provider has invested £4.5 million into a new Belfast office which will create 40 high-quality jobs over three years. Ergo's new office in Clockwise, River House, near Belfast's Cathedral Quarter supports its strategy of driving economic growth, job creation, and tech exports from Northern Ireland.
Ergo Invests £4.5m In New Belfast Office And Creates 40 Jobs
A leading IT solutions provider has invested £4.5 million into a new Belfast office which will create 40 high-quality jobs over three years. Ergo's new office in Clockwise, River House, near Belfast's Cathedral Quarter supports its strategy of driving economic growth, job creation, and tech exports from Northern Ireland.
25 November 2024
SDLP Seeks Views On Proposed Regional Jobs, Skills and Investment Bill
The SDLP has announced the launch of a public consultation of their proposed Regional Jobs, Skills and Investment Bill, describing it as an opportunity to rebalance the economy across the North. The consultation opened online today and will close on Sunday 16th February.
SDLP Seeks Views On Proposed Regional Jobs, Skills and Investment Bill
The SDLP has announced the launch of a public consultation of their proposed Regional Jobs, Skills and Investment Bill, describing it as an opportunity to rebalance the economy across the North. The consultation opened online today and will close on Sunday 16th February.
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.
-
Northern Ireland WeatherThis Evening and Tonight:A largely dry evening and night. It will be mostly cloudy, but a few clear spells are possible in the east during the evening. Some patchy rain across the west shortly before dawn. Minimum temperature 5 °C.
