Finance Union seeks urgent talks on future of National Irish Bank

Issued : 10 May 2012

IBOA The Finance Union has has sought an urgent meeting with National Irish Bank's senior management to discuss the implications of the announcement by the Bank's Danish parent, Danske Bank, about a proposed restructure of its Irish operations.

The Union is particularly concerned about the implications of the announcement for the future of NIB, its staff and customers.

IBOA General Secretary, Larry Broderick, said his members need urgent answers to a number of key questions including a guarantee on no further job losses or changes in terms and conditions; and clarification as to the impact of these proposal for a further re-structure of National Irish Bank on staff, customers and branches, head office roles and customer support from Danske.

"Our members have already seen a major retrenchment in National Irish Bank in recent years - with the loss of 150 jobs and the closure of half of the Bank's branch network. Even they were assured at the end of last year that no further job losses were planned, they are naturally concerned that the lack of clarity in today's announcement may indicate that the Bank is about to seek further sacrifices.

"Until we receive adequate guarantees about the proposed restructure, IBOA has advised the Bank that our members are not prepared to co-operate with these proposed changes. We will also be making contact with public representatives over the coming days to underline our concern about the need for a coherent response to the ever increasing threat to employment within the financial services sector.