Today’s announcement by PTSB to cut its staff numbers by 300 in 2025 raises many serious questions for consumers and staff.

Today’s announcement by PTSB to cut its staff numbers by 300 in 2025 raises many serious questions for consumers and staff according to John O’Connell, General Secretary of the Financial Services Union, (FSU)

Commenting Mr. O’Connell said:

“The FSU will be meeting with the bank in scheduled meetings over the next couple of weeks. We will be looking for the rationale for each role  being made redundant, an assurance of no additional workload for remaining  staff and there will be no mandatory transfers as a result for remaining staff.

A number of other questions that require attention include :

• Clarity on whether 300 redundancies is the final number.
• Where are the bank targeting the redundancies and what provision will they make to ensure staffing levels are adequate to meet demand?
• What are the consequences to customer services from this cut in staffing numbers. Will service levels be maintained ?

Concluding Mr. O’Connell said:

“We have a commitment from PTSB there will be no branch closures and that no outsourcing or offshoring of work will take place.  We will be reinforcing this in our discussions with the bank. We look forward to engaging with the bank on these issues over the coming weeks.”

ENDS