IBOA wants financial services summit

FINANCE union IBOA has called on Tánaiste and Minister for Enterprise, Trade and Employment Mary Coughlan to hold an emergency summit meeting to address what it describes as the emerging jobs crisis in the financial services sector.

The union’s general secretary, Larry Broderick, wants Ms Coughlan to convene a round-table meeting of the major stakeholders in the financial sector, including management and unions.

“Simply as a result of non-replacement of staff and the non-renewal of temporary contracts over the last sixteen months, we estimate that at least 4,000 jobs have been lost in financial services in Ireland,” he said.