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Ulster restructures Irish mortgage arrears department with 110 job losses

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  • 29/01/2014
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Ulster restructures Irish mortgage arrears department with 110 job losses
RBS-owned Ulster Bank became the third mortgage lender to announce cost-cutting restructuring measures this morning.

Barclays and Lloyds also announced job cuts today.

Ulster Bank is to cut approximately 78 jobs from its mortgage arrears operation in Ireland.

An internal restructuring move sees the relocation of its problem debt collection unit to Edinburgh.

The lender confirmed today it plans to cut a total of 110 jobs, mainly at its mortgage centre in Sandyford in Dublin along with a small number from its Belfast section.

However, the bank said this will be offset by 32 new debt collection field agent roles.

The cuts are part of the 950 job cuts already announced by the bank in 2012.

A spokesperson said the bank continues to implement the “agreed changes to our operating model and has today communicated some changes to our staff in the retail problem debt management unit.”

 

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