Bloomberg News

RBS’s Ulster Bank Seeks 950 Job Cuts, Bank Union Says

January 12, 2012

Jan. 12 (Bloomberg) -- Royal Bank of Scotland Group Plc’s Irish unit plans to eliminate 950 jobs in a second round of job cuts in four years, said Irish Bank Officials Association, in an e-mailed statement.

Dublin-based Ulster Bank Ltd., which eliminated 1,000 jobs in 2009, or about one-seventh of its workforce, will cut 600 jobs in the Republic of Ireland and 350 positions in Northern Ireland, the IBOA said.

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net


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