LIVE: Major bank - which boasts three branches in Tipperary - to cut 300 jobs in 2025
The jobs are to be cut at PTSB this year as part of a voluntary redundancy scheme that was launched last year.
PTSB announced on Friday it is to cut its staff numbers by 300 in 2025.
The jobs are to be cut at PTSB this year as part of a voluntary redundancy scheme that was launched last year.
In December, the bank said that a voluntary exit scheme that was opened in October for senior managers was being extended to all staff.
The bank boasts three branches in Tipperary in Nenagh, Clonmel and Thurles.
Union officials say the announcement raises many serious questions for consumers and staff.
John O’Connell, General Secretary of the Financial Services Union, said: "The FSU will be meeting with the bank in scheduled meetings over the next couple of weeks.
"We will be looking for the rationale for each role being made redundant, an assurance of no additional workload for remaining staff and there will be no mandatory transfers as a result for remaining staff.
"A number of other questions that require attention include: clarity on whether 300 redundancies is the final number.
"Where are the bank targeting the redundancies and what provision will they make to ensure staffing levels are adequate to meet demand?
"What are the consequences to customer services from this cut in staffing numbers. Will service levels be maintained?
"We have a commitment from PTSB there will be no branch closures and that no outsourcing or offshoring of work will take place.
"We will be reinforcing this in our discussions with the bank. We look forward to engaging with the bank on these issues over the coming weeks."
On Friday, the bank said: "Following receipt of applications to its voluntary severance scheme, the bank envisages that it could accommodate around 300 employees from across the bank, exiting on a phased basis over 2025.
"In considering individual applications, the bank will ensure that a high standard of customer service is maintained.
"Outcomes will be communicated directly to those who applied by the end of February."