Bank employees group to meet Donohoe over job cuts and branch closure plans

Finance Minister Paschal Donohoe will meet the Financial Services Union today. 

The country’s main bank employee representative group is to meet today with finance minister Paschal Donohoe to discuss the future shape of Ireland’s banking sector amid a swathe of job cuts and branch closures.

All of the country’s major lenders — Bank of Ireland, AIB, Ulster Bank, Permanent TSB and KBC Bank Ireland  — have commenced strategic reviews in recent months, with branch closures and job cuts included in those plans. Across the industry, there are plans to cut around 3,500 jobs, while a review by NatWest could see Ulster Bank exit the market in the Republic.