Industry & Business

50 jobs at risk in Bank of Ireland

50 jobs at risk in Bank of Ireland

July 21
10:21 2016

imagesBank of Ireland is to close eight of its branches in across its network in Northern Ireland which may result in 50 redundancies.

Staff affected by the closures will be able to transfer, redeploy, or relocate to other roles within Bank of Ireland, or apply for voluntary redundancy.

The lender said this is being done “where the volume of business is insufficient to sustain them in the long-term”.

The branches – which will be closed on a phased basis starting in the autumn – are located in: Castlereagh, Draperstown, Antrim, Belleek, Castlederg, Newtownards, Maghera, and Donegall Square South in Belfast (City Hall branch).

Following the closures, Bank of Ireland will have 28 branches remaining across Northern Ireland.

The Financial Services Union has criticised the move.

FSU General Secretary Larry Broderick said the decision by Bank of Ireland was “not only regrettable, but irresponsible given the impact it will have on customers and staff.

“Given that Bank of Ireland is expected to announce significant profits at the end of the month, this announcement is a kick in the teeth for both customers and staff in Northern Ireland who supported the Bank during the financial crisis.”

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