Permanent TSB may announce 300 job losses today in overhaul

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

The company, which employs 2,000 people around the country and is owned by Irish Life and Permanent, briefed both trade union Unite and its senior management on its plans yesterday afternoon.

Sources close to the company said it was likely to issue a media statement this morning.