Ulster Bank stops redundancies to focus on IT issue

Ulster Bank has suspended its latest redundancy programme as management continues to marshal resources to fix the long-running technological failure at the bank.

14th July, 2012
Ulster Bank stops redundancies to focus on IT issue
Jim Brown, Ulster Bank chief executive.

Ulster Bank has suspended its latest redundancy programme as management continues to marshal resources to fix the long-running technological failure at the bank and resolve the resulting problems in customer accounts, *The Sunday Business Post* has learned.

The bank, which has been trying to restore its daily banking functionality since a systems breakdown on June 19, has told employees and their representatives that it is putting the downsizing operation on hold until the technical problems...

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