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
Mr. John O'Connell:
There were about 2,100 or 2,200 in Ulster Bank and over 1,000 in KBC. We know that 490 or 500 staff will transfer to AIB as part of the transfer of the loan books and about 280 or 290 will transfer to Permanent TSB. About 780 out of 2,100 or 2,100 will transfer and the remaining jobs will be lost with the exit.
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