Bloomberg News

Ulster Bank’s Job-Cut Talks May Last Three Months, Union Says

January 12, 2012

Jan. 12 (Bloomberg) -- Royal Bank of Scotland Plc’s Irish unit’s negotiations with labor unions on terms of 950 planned job cuts may last three months, according to Larry Broderick, head of the Irish Bank Officials’ Association.

Broderick spoke in an interview with Dublin-based broadcaster TV3. The RBS unit, Dublin-based Ulster Bank Ltd., today announced plans to cut 600 jobs in the Republic of Ireland and 350 positions in Northern Ireland.

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

To contact the editor responsible for this story: Louisa Fahy at lnesbitt@bloomberg.net


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