110 redundancies at Ulster Bank

The 110 job losses announced by Ulster Bank yesterday were part of the 950 announced in 2012 in a restructuring of its operations, according to a bank spokesperson.

The jobs are mostly being cut from its mortgage centre in Dublin. However, it will create 30 positions for ‘field agents’ who will be responsible for liaising directly with customers in difficulty.

“Ulster Bank continues to implement the agreed changes to our operating model and has today communicated some changes to our staff in the retail problem debt management unit,” the bank said. The bank declined to say how many of the planned 950 redundancies have now been made.