Archive for January 2012
IBOA urges Bank to revisit job cuts plan
Posted on January 28, 2012 by Seamas Sheils
IBOA The Finance Union has called on Ulster Bank's senior management to revisit its plan for the restructure of the institution. The Union has urged management to adopt a new approach in order to preserve the maximum number of jobs in the Bank.
Following the meeting today between Ulster Bank's senior management team, led by Chief Executive, Jim Brown, and IBOA's Ulster Bank Executive Committee - led by General Secretary, Larry Broderick - the Union leader said that while IBOA acknowledged that the Bank continued to face major difficulties arising from the impaired loans authorised by senior management during the property boom, the Union could not accept that the solution proposed by management was in the long-term interests of the Bank or its customers and staff.
RBS chief's bonus is totally unacceptable
Posted on January 27, 2012 by Seamas Sheils
The announcement that RBS Chief Executive Stephen Hester is to receive an annual bonus payment currently worth almost �1 million on top of a basic salary of �1.2 million is adding insult to injury as far as staff in its Irish subsidiary, Ulster Bank is concerned.
"Just two weeks after the Bank announced plans to make 950 staff redundant in Ireland, we now learn that the board of RBS - which is 82% owned by the British State - has sanctioned this excessively generous bonus payment to Stephen Hester," declared Larry Broderick, General Secretary of IBOA The Finance Union.
