Ulster Bank plans to cut 266 jobs to reduce costs

a group of people walking on a sidewalk

© Niall Carson

ULSTER BANK HAS has confirmed that it plans to cut 266 jobs on the island in a bid to rein in costs.

The bank, a wholly-owned subsidiary of the London-listed NatWest Group, which employs 2,900 people in Ireland, has informed staff of a new restructuring plan.

It is understood that some 216 jobs are to be shed in the Republic and 53 in the North. Some 57 new roles will also be created, 29 in the south and 28 in the North.

Commenting, a spokesperson for the bank said, “We have announced the next phase of our programme to reduce our costs which includes operational changes and a reduction of 266 roles, which we aim to achieve on a voluntary redundancy basis, where possible.

“A small number of roles have also been created. We know this is difficult news for our colleagues and we are doing everything

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