Permanent TSB and unions differ over job cut numbers

PERMANENT TSB and staff unions are at odds as to how many job losses are to result from the company’s latest restructuring plan.

The bank claims that it is reducing its employee numbers by “approximately 280 people” through a voluntary-led redundancy programme over the coming months. It says a further 100 people are to be redeployed to take up new roles in the bank’s online and telephone banking operation, Open 24.

However, Unite trade union, which represents 1,200 of the total 1,850 employed by Permanent TSB, says it has been told by the bank that it is looking for 360 voluntary redundancies.