Risk Restructure - DSK 09/25 - Danske Bank NI

DSK 09/25

Today the Bank has announced a restructure within its Risk operation. Risk activity currently undertaken at the Bank is the following:

• Risk & Operations Support
• Operational Risk & Resilience
• Strategy & Commercial Development Activity
• Risk management
• Head Office Departments

In the new restructure some staff will undergo a change in reporting line. 104 staff out of 137 will have no change in role or may just have a change in reporting line. The rationale from the Bank for this restructure stems from UK legislative change in deregulation in the finance sector and a need to streamline the internal process while maximising capability at the forefront of industry developments.

31 staff will be directly impacted by these changes. Some staff will be mapped to a new role, some will change reporting line. However, we have been made aware that there will be a number of staff affected by instances where there are more staff then roles required, and a small number of roles that will not exist in the new structure.

Your Union has been briefed by the Bank on their desire to carry out this restructure and will be working with the Bank to mitigate the impact on staff affected. Impacted staff will have the following options to consider:

• Applying for voluntary severance
• Entering into a pooling competition for the reduced number of roles
• Enter into redeployment

FSU will work with members affected to support them during this difficult period and will continue to meet with the Bank throughout this process to ensure all those impacted are supported through their individual circumstances.

Your Union strongly opposes any reduction in roles. It is regrettable when such announcements are made, and we are aware that some members have been really shocked by the Bank’s announcement. This is the first time there has been any redundancies at Danske Bank in 7 years, so it is understandable members would be taken aback.

Your Union will work with the Bank to ensure any job loss is minimised, and a voluntary severance first approach put in place. FSU are totally opposed to compulsory redundancies.

FSU will arrange a meeting for those affected to discuss the issue once all affected individuals have been informed by the Bank. Details to follow.

Please contact the Sector Committee with your email address if you wish to be included in the member meeting.

For more information or support you can contact your Danske Bank Sector Committee at the details below.

DANSKE BANK SECTOR COMMITTEE

Mandy La Combre

Senior Industrial Relations Officer