Unions to tell bank job losses not needed

WORKER representatives at Ulster Bank will today tell the company they believe almost 1,000 job losses are not necessary, the company’s target of getting rid of the staff cannot be achieved and they will not accept any compulsory redundancies.

Union officials will begin talks with management this morning in a bid to save some of the 950 jobs it is looking to axe on both sides of the border.

This announcement was the first in a series of expected cuts among Irish-based banks with up to 4,000 job losses expected in the industry before the end of 2012.