Announcement by BNY Mellon of 300 redundancies is a body blow for staff and their families.

Collective consultation process needs to explore all options to minimise job losses

The Financial Services Union have called on BNY Mellon to treat their staff with respect and to explore all options to minimise job losses.

Reacting to the announcement that 300 finance jobs are at risk as a result of the Banks decision to close their Wexford office, John O’Connell, General Secretary of the FSU said,

“The confirmation by the Bank that 300 jobs are at risk follows months of rumours that drastic change was been contemplated. Staff and their families as well as  local business will be shocked by this announcement. The next few weeks will be challenging for everyone involved and I would urge BNY  Mellon and the Government to utilise this time to provide necessary supports to the affected employees.

It is vital the collective consultation process is not just a box ticking exercise. This time should be used to explore all opportunities to minimise job losses.

Many of these roles can be done from remote locations. No one should be putting a figure on how many roles can be saved by remote working until the consultation process begins and these matter are worked through.

The FSU are currently reaching out to our members offering support and advice throughout the process.

We will be operating a special advice line throughout the consultation process to try and broker the best deal possible for all employees affected by this announcement.”

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