Bank of Scotland (Ireland)

Type
Closure
Country
Ireland
Region
Ireland;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
750 jobs
Number of planned job losses
Job loss
Announcement Date
9 February 2010
Employment effect (start)
3 May 2010
Foreseen end date
30 July 2010

Description

Bank of Scotland (Ireland) has announced the closure of its Halifax business and Irish branch network, which will result in 750 redundancies. The bank says it will close its 44 Halifax branches, commencing in May and concluding in July 2010. It is owned by the partly nationalised UK bank Lloyds. Bank of Scotland (Ireland) said it was withdrawing from the Irish retail banking market after a review found that Halifax was too small to survive as a result of the financial crisis.

Sources

  • 10 February 2010: The Irish Times

Citation

Eurofound (2010), Bank of Scotland (Ireland), Closure in Ireland, factsheet number 70169, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70169.