Ulster Bank to shed 50 jobs in restructuring

Ulster Bank is to lay off up to 50 members of staff as part of an internal restructuring plan that will see a closer alignment the Northern Ireland and British businesses.

The finance union (Iboa) says the plan is a major development in the bank’s history.

“It is crucial that the interests and concerns of customers and staff are taken fully into account, and especially, the need to ensure stability for these key stakeholders, as these substantial structural changes take place in Ulster Bank,” said Iboa general secretary Larry Broderick.