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Sunday 22 October 2017

RBS to axe 196 staff but holds out hope of jobs abroad

Anne-Marie Walsh and Joe Brennan

THE 196 workers at the IT division of a major bank who face redundancy were told yesterday some of them would be offered jobs in the UK.

Computer-support staff at Royal Bank of Scotland's (RBS) Technology Services Centre learned yesterday they would lose their jobs within nine months.

They will be made redundant when the bank closes the division, based in Parkgate Street, Dublin. A further 25 technology-services staff will be made redundant at the bank's Belfast office.

RBS Technology Services said it intended to keep the number of compulsory redundancies to a minimum and held out some hope workers could be redeployed.

However, a spokesperson said that the job offers would only be for positions based in the UK.

The Irish Bank Officials Association asked RBS to review its position and retain the highly skilled jobs following a meeting with staff yesterday.

General Secretary Larry Broderick acknowledged the bank's intention to negotiate the jobs on a voluntary basis.

Redundancies

But he said the redundancies would be compulsory, unless it provided alternative IT job opportunities in Ireland.

"Given the Irish government's stated position that technology jobs are key to the future of the economy, we are calling on the Tanaiste to make representations to the British government, which now owns 84pc of RBS, to seek to retain these IT jobs here," Mr Broderick said.

"Furthermore, since RBS received substantial incentives to set up its operations here, it is not acceptable they can just walk away."

In a statement, RBS Technology Services said the "roles are no longer required" and were part of a job-cutting programme announced last year.

"We will offer redundancy terms and, where possible, opportunities for redeployment," it said.

RBS's new chief executive Stephen Hester launched a major restructuring drive last April after losing £28bn (€32bn) in 2008, the biggest corporate loss in UK history.

The group, which owns Ulster Bank in Ireland, has required a total €45.5bn bailout from the UK taxpayer, making it the world's most expensive bank rescue since the financial crisis began.

Irish Independent

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