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Ulster Bank could lose 15% of workforce in north and south Ulster Bank could lose 15% of workforce in north and south
(about 14 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.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.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.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 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.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.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.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).
RBS is expected to announce plans for a global restructuring on Thursday. On Thursday, RBS announced it would be cutting around 3,500 jobs over the next three years.