Uncertainty over Derry Ulster Bank jobs

Wed, 11/01/2012 - 19:56 -- Editor

Staff at the Ulster Bank's Derry branches are facing uncertainty over their jobs tonight.

Employees at the bank's Culmore Road and Newmarket Street will find out tomorrow the extent of job losses due to 'global restructuring'.

The Ulster Bank in the north employs some 2,000 people. It has been estimated that between 600 and 900 jobs will go at the bank in branches north and south of the border. In 2009 the bank made 1,000 staff redundant.

Ulster Bank is owned by Royal Bank of Scotland, which is expect to announce the job losses as part of its global restructuring at some stage on Thursday.

The official line from the bank was that it did not comment on speculation. An Ulster Bank spokesperson said: "Announcements pertaining to jobs are made to staff directly."