Permanent TSB is expected to cut up to 350 jobs from its workforce later today, and to move towards the abolition of fixed-rate mortgages, according to media reports.

PERMANENT TSB may confirm, possibly as early as today, its workforce will be cut by at least 300 as part of a major restructuring.

Niamh Nolan

AN economic bombshell was dropped on Tipperary town yesterday with the announcement by Pall Ireland, the region’s largest single employer, that it was closing its profit-making medical products division with a loss of 150 jobs.