Bank workers union surprised by Ulster Bank link-up with Post Office

Issued : 21 February 2014

The union representing Ulster Bank workers has expressed surprise at the Bank's announcement that it has concluded a new deal with the Post Office to provide a range of banking facilities for Ulster Bank customers.

IBOA General Secretary Larry Broderick said that while we recognise that the Bank must explore new ideas for delivering services to its customers, we expect that management would least discuss such developments with us, as the staff representatives, before making major public announcements - not least because Ulster Bank's parent, RBS, is due to make a major announcement next week on the outcome of a Group-wide operational review which is expected to include proposals for further changes in Ulster Bank.

"Our members are naturally concerned to know whether the link-up with the Post Office will have implications for the branch network in Northern Ireland and, by extension, for their own employment prospects in future.," said Mr. Broderick.

"With all the uncertainty surrounding the RBS review of Ulster Bank, there is a fear that this new announcement may be the thin end of the wedge. I have written to Ulster Bank Chief Executive, Jim Brown, this afternoon to seek the business case for the Bank's decision with full clarification as to its possible impact on the Bank's branch network in Northern Ireland including the effect of any consequent branch closures on local communities as well as on employees."