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'Eight jobs' to be lost in restructuring at Ulster Bank

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Impact: Larry Broderick

Impact: Larry Broderick

Impact: Larry Broderick

Ulster Bank is understood be shedding eight jobs in Belfast as part of a restructuring exercise.

The Irish Bank Officials Association's (IBOA) finance union claimed the bank was cutting between 50 and 60 jobs in Belfast and Dublin.

The bank is proposing to reduce staff levels in its Business Direct operation, which provides services to small and medium-sized enterprises in both Northern Ireland and the Republic. Under the changes proposed by the bank, operations will transfer from Dublin and Limerick to Galway, while the headcount in the Belfast hub will also be reduced.

IBOA general secretary Larry Broderick said the plan would not just have an impact on the lives and livelihoods of staff.

Mr Broderick claimed the proposal to reduce staff in the business banking support area could also send a negative message to small and medium-sized enterprises.

An Ulster Bank spokesman said: "Ulster Bank operational hub activity in Northern Ireland will continue to be carried out at the Donegall Square East hub, with some activity remaining at Danesfort, Belfast.

"We expect this transition to operate seamlessly for our customers.

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"There will be a number of job losses as a consequence of this change."

The bank's spokesman added: "The bank will manage this on a volunteer-led basis within the existing framework and affected staff have been invited to relocate, apply for voluntary severance or apply for an alternative role in the bank."


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