Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

We have heard that banks are finding it difficult to recruit as they are so far behind the curve. Some of this was sudden, particularly with KBC, but it is not sudden anymore. We have known of the trajectory for almost a year. Even before Ulster Bank's announcement, there were serious concerns that this was a likelihood. So why are banks not redeploying staff if they are letting people go? We have this trend in banking. When a crisis happens, for example, the tracker mortgage issue which still is not over, they take on a certain number of contract or short-term staff and then let them go. Now there will be 1 million new customers more than likely between two or three banks and those banks will take on some people and let them go. By the time they recruit people they are halfway through the process and people are getting frustrated because staff are not there and there are delays. If they are letting people go, why are they not just redeploying them to this service?