10,000 financial jobs’ risk

A LEADING trade union has warned up to 10,000 jobs in financial services could be lost as many companies move parts of their businesses to low-cost economies.

According to Amicus- MSF, 10,000 jobs could be lost over the next five years in Ireland, as companies relocate key services to low-cost economies taking jobs in the finance sector with them.

The union is writing to Tánaiste Mary Harney seeking an urgent meeting to discuss the issue and to examine what measures the department is putting in place to protect Irish jobs.