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

100 jobs
Number of planned job losses
Job loss
Announcement Date
26 April 2012
Employment effect (start)
Foreseen end date


Bank and financial service provider Permanent TSB has announced 100 job losses and the possible closure of branches due to internal restructuring. Officials had been considering whether the bank, which is majority nationalized, could operate as a separate entity or should be merged with other financial institutions.

It is understood that job losses would have been higher if the bank was subject to merger. Currently, Permanent TSB employs 1,800 people.

Currently, there is no timeline for the restructuring, but details will be included in a restructuring plan presented in June.


  • 27 April 2012: The Irish Independent


Eurofound (2012), Permanent TSB, Internal restructuring in Ireland, factsheet number 73586, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73586.