Monday January 27, 2020

Ulster Bank to cut 175 management roles

Staff have until early January to accept offer of voluntary redundancy

Ian Guider

Markets Editor

@ianguider
4th December, 2019
Jane Howard, Ulster Bank’s chief executive, said its management structure was “unnecessarily complex”. Picture: Shane O'Neill/SON Photographic

Ulster Bank is to cut 175 management roles as the bank looks to slim down its cost base.

It is understood that this morning the bank briefed staff on the plans for cost-cutting that will involve a new round of voluntary redundancies. Staff have until early January to accept the offer.

The latest redundancy scheme will not target frontline staff in bank branches, but instead focus on head office and other backroom roles.

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