‘No one wants this just before Christmas’ - Ulster Bank to cut 600 jobs as part of Irish exit

The move is part of a phased withdrawal by the lender from the Irish market

An Ulster Bank branch. Picture:

Ulster Bank has said it will cut up to 600 staff from its Irish operations as part of its move to exit the market.

The lender today announced redundancy programmes, under which staff will begin leaving the company from March.

Ulster Bank said that 450 staff working in its remaining 63 branches, as well as 350 employees in its services and personal banking divisions, will be able to apply to two separate redundancy schemes.

“We ...