Oireachtas Joint and Select Committees
Wednesday, 25 May 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Withdrawal from Irish Banking Market (Resumed): Engagement with Financial Services Union and Electric Ireland
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I know it is difficult to pinpoint what is happening with staffing. These questions were asked last week and we may not have been given an accurate picture of redundancies. The committee should write detailed letters to all five institutions asking about their staffing levels and the type of staff they have in place at various points over the past 18 months to provide a greater understanding.
How many staff were employed in KBC and Ulster Bank before they made the decision to withdraw? If it was X amount, the staff complement at the three banks, which will take on probably about 90% of the customers and the loan books, should increase roughly by X amount. There may be some savings related to scale but there should be some alignment there. Do we know how many staff those two banks had?
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