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26/01/2009
Bank Seeks Redundancies As Recession Bites
As shock news emerged today that more that 700 jobs are to be lost at the Ulster Bank across Ireland, there's yet more evidence that the recession is hitting hard with shock redundancies predicted across the UK's steel industry.
While bank staff across both Northern Ireland and the Republic of Ireland are preparing for bad news - as part of the Ulster's cost-cutting plan - thousands of steel industry jobs at the huge Corus group are also in jeopardy.
Bank staff are expected to be approached on the basis of lay-offs being rolled out on a voluntary basis.
Ulster Bank's cost-cutting plan is likely to see 550 jobs lost in the Republic, with a further 200 redundancies in Northern Ireland.
Ulster Bank said it will shut down its mortgage and investment arm First Active as part of the scheme.
The merger will mean the amalgamation of First Active and Ulster Bank branches in 45 locations throughout Ireland.
Meanwhile, it has just been announced that almost 100 jobs are to go in a second round of redundancies at a forklift manufacturing plant in Co Armagh.
NACCO Materials Handling Group has announced 96 redundancies at its Craigavon plant on Monday.
In September, the company made 81 people redundant. There are 616 people currently employed at the site.
Nationally, Corus, a subsidiary of the Indian-owned company Tata Steel, which employs 24,000 workers in the UK, has confirmed that it is planning to cut up to 3,500 jobs from its global workforce of 42,000.
An expected 2,500 of these will be in the company's operation.
Corus had been planning to restructure the business but the severity of the crisis which has hit the world steel industry means Corus has to act quickly.
Steel prices, which had been driven to record highs by demand from China, have more than halved in the last year.
(BMcC/JM)
While bank staff across both Northern Ireland and the Republic of Ireland are preparing for bad news - as part of the Ulster's cost-cutting plan - thousands of steel industry jobs at the huge Corus group are also in jeopardy.
Bank staff are expected to be approached on the basis of lay-offs being rolled out on a voluntary basis.
Ulster Bank's cost-cutting plan is likely to see 550 jobs lost in the Republic, with a further 200 redundancies in Northern Ireland.
Ulster Bank said it will shut down its mortgage and investment arm First Active as part of the scheme.
The merger will mean the amalgamation of First Active and Ulster Bank branches in 45 locations throughout Ireland.
Meanwhile, it has just been announced that almost 100 jobs are to go in a second round of redundancies at a forklift manufacturing plant in Co Armagh.
NACCO Materials Handling Group has announced 96 redundancies at its Craigavon plant on Monday.
In September, the company made 81 people redundant. There are 616 people currently employed at the site.
Nationally, Corus, a subsidiary of the Indian-owned company Tata Steel, which employs 24,000 workers in the UK, has confirmed that it is planning to cut up to 3,500 jobs from its global workforce of 42,000.
An expected 2,500 of these will be in the company's operation.
Corus had been planning to restructure the business but the severity of the crisis which has hit the world steel industry means Corus has to act quickly.
Steel prices, which had been driven to record highs by demand from China, have more than halved in the last year.
(BMcC/JM)
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12 January 2012
Ulster Bank To Lay Off 350 NI Employees
Ulster Bank is to slash its workforce by 950, with 600 redundancies in the Republic of Ireland and 350 in Northern Ireland. The bank's parent company, Royal Bank of Scotland also announced it will be laying off 3,500 staff in its investment wing, to compete with the financial sector.
Ulster Bank To Lay Off 350 NI Employees
Ulster Bank is to slash its workforce by 950, with 600 redundancies in the Republic of Ireland and 350 in Northern Ireland. The bank's parent company, Royal Bank of Scotland also announced it will be laying off 3,500 staff in its investment wing, to compete with the financial sector.
25 June 2013
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
15 November 2012
Northern Bank Becomes Danske
Today the Northern Bank officially becomes Danske Bank. The new name comes from the bank’s Danish parent and will see branches across Ireland, Norway, Finland, Latvia, Estonia and Lithuania adopt the new title.
Northern Bank Becomes Danske
Today the Northern Bank officially becomes Danske Bank. The new name comes from the bank’s Danish parent and will see branches across Ireland, Norway, Finland, Latvia, Estonia and Lithuania adopt the new title.
10 May 2012
Northern Bank To Be Rebranded
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
Northern Bank To Be Rebranded
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
03 January 2007
Bank robbery charges dropped
The County Down man accused of the £26 million Northern Bank robbery in 2004, has had the charges against him dropped. Dominic McEvoy, 23, a builder from Mullandra Park in Kilcoo, was not present in Belfast Magistrates Court during the hearing.
Bank robbery charges dropped
The County Down man accused of the £26 million Northern Bank robbery in 2004, has had the charges against him dropped. Dominic McEvoy, 23, a builder from Mullandra Park in Kilcoo, was not present in Belfast Magistrates Court during the hearing.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
