Unions: Staff are ‘scapegoats for greed’

UNIONS at Ulster Bank and First Active have accused management of scapegoating staff for the mistakes and greed of Royal Bank of Scotland, and warned it will not accept any compulsory redundancies among the 750 job cuts.

Finance union IBOA, which represents 4,000 staff in Ulster Bank, and SIPTU, which represents 360 staff in First Active, issued a joint condemnation of the proposed cuts, and said when the two institutions are merged services to customers must be protected.

The unions said they remain to be convinced that 750 jobs need to be axed.