Ulster Bank job losses very disappointing - Foster

Enterprise Minister, Arlene Foster, has said that the scale of redundancies proposed at the Ulster Bank is deeply disappointing.
~ Thursday, 12 January 2012

The Minister said: “This announcement has come as a huge shock to staff who work for Ulster Bank. Such a significant number of job losses is very worrying.

“I have had discussions with senior representatives of Ulster Bank and assured them that the Executive will work with local management and their owners in the Royal Bank of Scotland to attract any future RBS jobs into Northern Ireland.

“This decision by the RBS is reflective of the state of the financial services sector as many organisations undergo major restructuring. However, with front line staff facing redundancies, it is important that senior management in RBS are seen to be behaving in a responsible manner as the organisation moves forward.

“I want to assure staff that, together with Invest NI and colleagues in the Department for Employment and Learning, I will do all that is possible to limit the impact of the redundancies. Together, we will continue to provide support, advice and guidance to both the company and all those seeking employment.”

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