THE IRISH Bank Officials Association (IBOA) met management of Irish Nationwide Building Society yesterday to discuss the future of staff who have been left behind at the lender.
Some 230 employees of Irish Nationwide have now transferred to Permanent TSB after the bank successfully bid to purchase Irish Nationwide’s deposit base.
However, a further 230 staff remain employees of Irish Nationwide, which is scheduled to be wound down. About 130 of these employees are permanent full-time staff, while a further 100 are contractors.
IBOA general secretary Larry Broderick said there was “a huge sense of hurt and worry and uncertainty” among the staff who have not transferred to Permanent TSB. “We have made a very strong representation to management, urging them to give staff some comfort.”
However, Irish Nationwide “weren’t in a position to give any reassurance”, Mr Broderick added.
The IBOA met management of Permanent TSB on Thursday. The bank has guaranteed to treat transferred staff in the same way as Permanent TSB staff and any redundancies would be voluntary.
Irish Nationwide is no longer open to new mortgage lending but continues to handle and process existing loans. The institution is due to be folded into Anglo Irish Bank and wound down over time.
