Ulster Bank

Type
Internal restructuring
Country
United Kingdom
Region
Northern Ireland;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
200 jobs
Number of planned job losses
Job loss
Announcement Date
26 January 2009
Employment effect (start)
Foreseen end date

Description

Ulster Bank, part of Royal Bank of Scotland, has announced plans to cut 200 jobs in Northern Ireland. The job losses will be implemented through voluntary means. The bank plans to layoff another 550 employees in the Republic of Ireland. As of January 2009 no date has been given for the implementation of the cuts.

Sources

  • 26 January 2009: BBC News

Citation

Eurofound (2009), Ulster Bank, Internal restructuring in United Kingdom, factsheet number 69372, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69372.