IBOA: Ulster Bank job cuts 'disappointing'

The Finance Union, IBOA, have said the announcement by Ulster Bank that it is to seek a further 250 redundancies among the staff of the group is profoundly disappointing - given that a rationalisation programme involving 750 job losses has yet to be completed.

Union General Secretary, Larry Broderick, said that when he warned about the threat to employment in the financial services sector earlier this week he little imagined that further job losses would be announced so soon.