Bank silent on report of 1,000 job losses

Ulster Bank is refusing to comment on reports that it is considering letting up to a fifth of its Irish workforce go as part of a restructuring of its parent bank, the Royal Bank of Scotland group.

A spokesperson for Ulster Bank said that the bank does not comment on rumour and speculation.

Reports at the weekend stating that up to a further 1,000 jobs could go at Ulster Bank appeared in the Sunday Business Post, which said that the non-core parts of the bank will be subject to major reorganisation.