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| Ulster Bank: Up to 1,800 jobs to go in cost-cutting move | Ulster Bank: Up to 1,800 jobs to go in cost-cutting move |
| (35 minutes later) | |
| Up to 1,800 jobs are to be lost at the Ulster Bank, which is owned by the Royal Bank of Scotland. | Up to 1,800 jobs are to be lost at the Ulster Bank, which is owned by the Royal Bank of Scotland. |
| This is in addition to 950 job losses announced by the bank in January 2012. | |
| The bank said the move was part of plans to cut its branch network and return the group to profit by 2016. | |
| Ulster Bank said it would close up to 39 branches on the island of Ireland - the bank did not give a breakdown of where these closures would occur. | Ulster Bank said it would close up to 39 branches on the island of Ireland - the bank did not give a breakdown of where these closures would occur. |
| In January 2013, the bank announced it was closing 22 branches and sub-offices on both sides of the border. | |
| At the time, the bank said there would be no additional job losses as a result of that announcement. | |
| Earlier this year, the bank announced it had made losses of more than £1bn in 2012. | Earlier this year, the bank announced it had made losses of more than £1bn in 2012. |
| Ulster Bank currently has 214 branches across the island of Ireland - 135 in the Republic of Ireland and 79 in Northern Ireland. | |
| It employs 6,000 staff. |