Danske Bank to close with loss of 150 jobs.
http://www.rte.ie/news/2013/1031/483729-danske-bank-to-close-with-loss-of-150-jobs/
Bad news for competition.Danske Bank, formerly National Irish Bank is closing with the loss of 150 jobs.
Larry Broderick head of the IBOA trade union said the job losses would be compulsory.
He said "We are shocked at the decision and the lack of consultation with staff and customers. We would ask the bank to reconsider."
It is the second bank in Ireland to close in the space of a week after ACC announced it is handing back its banking licence.
Danske said existing personal and business banking would be discontinued.
It is understood deposits will be repaid and existing customer accounts will be transferred to a non-core unit and wound down.