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Ulster Bank is the latest lender here to announce job cuts.
The bank said it was cutting costs by cutting 266 jobs.
It amounts to just under 10% of its workforce.
213 of the posts are based in the Republic and the remaining 53 in Northern Ireland.
The banks said they hope to achieve the reductions voluntarily, “whenever possible.”
However, in a statement, the bank said that some people would be “at risk” because their role is no longer there.
“We are working to minimize this and make sure they are aware of other redeployment opportunities at the bank,” the bank said.
He also said that he was creating 57 new roles. 29 of them would be in the Republic and 28 in Northern Ireland.
The bank said it would manage the changes according to existing processes with the Financial Services Union.
He added that there would be no branch closures.
Ulster Bank reported an operating loss of 276 million euros for the six months to the end of June.
It set aside 278 million euros to cover possible bad loans derived from the consequences of the coronavirus pandemic.
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