PTSB pledges no closures of bank branches as part of plan to cut 300 jobs

Permanent TSB will not be closing any of its 76 bank branches across the country as part of a €30m cost reduction programme which is likely to see it cut around 300 jobs.

A spokesperson for the lender said it is “too early” to say exactly how many jobs are likely to go. However, they confirmed that around 300 jobs, via a voluntary severance scheme, are being targeted. That is roughly 12.5% of PTSB’s total workforce.