Union fears for thousands of bank jobs as sector faces shake-up

BANK workers’ union IBOA has said it is fearful for the future of thousands of jobs under plans to restructure the finance sector.

IBOA, which has 22,000 members, has sought an urgent meeting with both the Government and the IMF/EU team to discuss how the restructuring would work.

“While bank officials have always recognised that some consolidation was inevitable within the banking sector, our members have become increasingly alarmed in recent days as speculation about the possible scale of this restructuring has intensified,” said IBOA general secretary Larry Broderick. “It is important, therefore, that clarity is provided as soon as possible on the extent and nature of this reconfiguration for the sake of staff and, indeed, for the sake of customers.”