DONEGAL ULSTER BANK STAFF TO LOSE JOBS AS FEARS GROW BANK MAY QUIT REPUBLIC

first_imgSTAFF at the Ulster Bank in Donegal will be among 1,800 to lose their jobs with insiders saying they fear it’s just one step away from pulling out of the Republic altogether.The bank – owned by Royal Bank of Scotland – owes billions of euro and is mostly owned by British taxpayers.Ulster Bank and RBS lost a fortune during the boom. “There won’t be an Ulster Bank in another year,” said one insider.“Many staff believe it will just pull out of Ireland altogether and cease to exist.”Responding to the announcement of the 1800 job losses at Ulster Bank Sinn Féin Finance spokesperson Pearse Doherty called on the government to work closely with the executive in the North to ensure that those made redundant return to the workforce as soon as possible.Deputy Doherty said: “This is a devastating blow to workers. Ulster Bank has 214 branches across the island, 79 in the north and 135 in the south. It is unclear how many of these branches will face closures. “What is clear to anyone listening to the Anglo tapes is the cavalier attitude and callous disregard that senior bankers have to the public and the funds under their control. The actions of these senior bankers have led to massive job losses and branch closures.“It is clear that the government and the executive in the North must work together to minimise job losses and branch closures and to ensure that those made redundant return to the workforce as soon as possible. An All-Ireland approach to banking and regulation is a necessity.“Lastly there is a need for the senior managers in these banks that have been bailed out by either the British or Irish government to be fully held to account for the mess they have created.” DONEGAL ULSTER BANK STAFF TO LOSE JOBS AS FEARS GROW BANK MAY QUIT REPUBLIC was last modified: July 2nd, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:DONEGAL ULSTER BANK STAFF TO LOSE JOBS AS FEARS GROW BANK MAY QUIT REPUBLIClast_img