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

Photo of Mick BarryMick Barry (Cork North Central, Solidarity)
Link to this: Individually | In context | Oireachtas source

I thank Mr. O’Connell. The banks appeared before us last week and laid heavy emphasis on how they were recruiting extra staff to deal with the increased pressures resulting from the exit of the two banks. Mr. O’Connell has provided interesting information about people coming in one door and others going out the other. He even raised the possibility of staffing levels continuing to decline despite the promise of extra staff. Should the regulator intervene and put a moratorium on further job losses until such time as this situation is under control?