Local Ulster Bank branches at risk of closure

January 8, 2013

Staff at local branches of Ulster Bank in Newry and Newtownhamilton face a bleak start to 2013 after learning their jobs are at risk, following Ulster Bank’s announcement that it will close around 20 branches and sub-offices throughout the whole of Ireland in 2013.

The company revealed last week that it is reviewing the fate of all 226 of its branches in Ireland and would provide further details on closures within the next few weeks.

The Irish Bank Officials’ Association (IBOA), the bank workers’ trade union, were informed of the closures during a staff conference last week.  Larry Broderick, general secretary of the IBOA warned that half of the closures will be in Northern Ireland, home to 90 Ulster Bank branches.

“The potential announcement of closures of branches will probably result in 50 or 60 of those jobs to be impacted in Northern Ireland for the retail network.

“We expect in Ulster Bank by the end of 2013 to see probably in the region of 950 jobs on the island of Ireland to have gone out of the bank, arising from restructuring,” Mr Broderick said.

In its statement released last Thursday, Ulster Bank said it continued to keep its branch network under review “to ensure that we are operating in the correct locations for our customers”.

A meeting between the bank’s officials and the IBOA is due to take place this week.