Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

600 jobs
Number of planned job losses
Job loss
Announcement Date
11 January 2012
Employment effect (start)
Foreseen end date
31 December 2012


Ulster Bank has annonuced  600 redundancies from its operations in the Republic of Ireland with a further 350 redundancies coming from its Northern Irish staff.

The bank said the job cuts will be voluntary, though it may move to impose compulsory redundancies if there is insufficient take-up of the scheme. The redundancy programme is expected to be completed by the end of 2012.

"As local and global economies continue to deteriorate, these actions are being taken as part of the bank's overall business strategy to ensure the organisation is well placed to compete effectively in the market," Ulster Bank said in a statement.


  • 12 January 2012: The Irish Times


Eurofound (2012), Ulster Bank, Internal restructuring in Ireland, factsheet number 72983, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72983.