Ulster Bank

Type
Internal restructuring
Country
European Union
Region
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
250 jobs
Number of planned job losses
Job loss
Announcement Date
7 August 2009
Employment effect (start)
Foreseen end date

Description

Ulster Bank has announced plans to make another 250 people redundant on top of the 750 already confirmed in January. The bank, part of Royal Bank of Scotland, reported £8m loss in the first six months of the year. It is understood that approximately 55 of the posts will be axed in Northern Ireland, taking the total to 255, while 195 jobs will be shed in the Republic taking the total redundancies there to 745.

Sources

Citation

Eurofound (2009), Ulster Bank, Internal restructuring in European Union, factsheet number 69420, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69420.