Oireachtas Joint and Select Committees

Tuesday, 8 December 2020

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Financial Services Union: Discussion.

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

-----involving 1,400 jobs and 3,000 jobs in Ulster Bank. That is before we include the workers, customers and all of the rest.

Quite frankly, I saw enough of the banks for five years to understand that one simply does not believe them. Whatever they might say in regard to re-engaging, all it is is soft talk. We have to be very strong politically and demand some action on this; otherwise we are not serving the purpose for which we are here. I have seen enough social devastation wreaked upon the people of this country by vulture funds to want the Government to intervene and ensure there is no place for them.

To think that there is the possibility that they will be reintroduced, through the reformation or whatever it might be of Ulster Bank, is something that I could not bear. I ask the clerk to carry out all of the actions we set out, consider the possibility of drawing up a report and engaging with the Dáil and brief the Minister on exactly how we feel about this.

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