Oireachtas Joint and Select Committees
Wednesday, 8 December 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Withdrawal from Irish Banking Market: Engagement with Ulster Bank
Ms Jane Howard:
We set a range of 400 to 500 staff. Members will know that the TUPE regulations are governed by law and we have to go through a precise process in understanding the roles that are wholly and mainly assigned with a particular perimeter and the transaction. That is being worked through diligently with us and Permanent TSB. When we get to binding agreements we would expect to be able to give a more precise figure for that. The final actual figure would normally not be different from the figure for binding agreements and that will be finalised on completion. When we get to binding agreements we will be able to give a more precise figure between the range of 400 and 500 staff but it remains within that range.
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