31 March 2017 No Comments by The Northern Standard

• Arva branch also included in restructuring plans

Ulster Bank announced on Thursday last that it plans to close its branches in Carrickmacross and Cootehill by the end of September.
The Ulster Bank in Arva, Co Cavan is also one of 22 branches listed for closure in a major restructuring of business that is expected to result in 220 redundancies.

The news has prompted calls from a number of political representatives in the Cavan/Monaghan area for a rethink of the closure plans (see below).

The redundancy plan will be voluntary-led, staff were informed, and will mean that approximately 8% of the bank’s workforce of 2,800 will depart. In all Ulster Bank operate 110 branches in the Republic of Ireland at present.

The Financial Services Union described the closures, redundancies and other restructuring measures as “shocking” and said it would oppose the cuts.

FSU senior industrial relations officer Gareth Murphy said: “Ulster Bank in the Republic of Ireland made …

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