independent

Saturday 25 October 2014

Ulster Bank staff await news on closures

BRENDAN MCCARTHY

Published 09/01/2013 | 10:20

STAFF at Ulster Bank's two Kerry outlets are anxiously awaiting the fate of their branches in Killarney and Tralee.

The bank has announced that it intends closing 20 of its branches and sub-offices both north and south of the border as part of service review.

Details, however, of which outlets face the axe will not be known for some weeks. It is thought the bank employs about 60 people in Kerry.

Last year, Ulster Bank indicated that it would be seeking 950 redundancies from its staff in Ireland, with 500 ear-marked for its retail division. The bank currently has almost two million personal and business customers and employs more than 6,000 people in 146 branches and sub offices in the Republic with a further 90 in the North.

Ulster Bank and its parent company, Royal Bank of Scotland, have endured a troubled 2012. A jobs cut announcement in January of last year was followed by a summer crisis when the bank suffered an IT failure which left hundreds of thousands of customers with limited access to their funds.

The staff redundancy programme announced 12 months ago was put on hold while the bank dealt with the fall-out from the IT glitch.

Finance union IBOA said it will shortly meet with senior management at Ulster Bank to discuss the closures.

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