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Ulster Bank could lose 15% of workforce in north and south | |
(about 3 hours later) | |
Staff at Ulster Bank in Northern Ireland and the Republic are expected to be told on Thursday of the extent of the latest round of job losses. | |
It is estimated that between 600 and 900 jobs will go in total. | |
That is between 10 and 15% of the 6,000 people working for the bank on the island of Ireland. | |
The Ulster Bank is yet to comment but it is understood management met with the Irish Bank Officials Association on Wednesday. | |
The bank's chief executive Jim Brown was in Belfast on Wednesday and met the first and deputy first ministers. | |
Of the 6,000 Ulster Bank staff, 2,000 are employed in Northern Ireland. | |
A spokesperson for Ulster Bank said the bank does not comment on speculation. | |
"Announcements pertaining to jobs are made to staff directly," they said. | "Announcements pertaining to jobs are made to staff directly," they said. |
Ulster Bank, the third-largest bank in Ireland, is owned by Royal Bank of Scotland. | Ulster Bank, the third-largest bank in Ireland, is owned by Royal Bank of Scotland. |
RBS is expected to announce plans for a global restructuring on Thursday. | RBS is expected to announce plans for a global restructuring on Thursday. |