The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
130 jobs Number of planned job losses
Announcement Date
22 February 2017
Employment effect (start)
30 June 2017
Foreseen end date
4 August 2017
Description
First Trust Bank has announced that 130 jobs will be lost as it closes 15 of its branches in Northern Ireland by August 2017. The closures are part of a 'reshaping and investment programme'. First Trust Bank is owned by Dublin-based Allied Irish Banks. The company promised that employees affected by the closures will be included in the Bank’s existing voluntary severance programme. Larry Broderick, General Secretary of the Financial Services Union (FSU) said the Union will ensure that all staff departures will be voluntary, as outlined in their current agreement with First Trust Bank.
Eurofound (2017), First Trust Bank, Closure in United Kingdom, factsheet number 90363, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90363.
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