"PTSB is broadening out the scope of a recently announced voluntary redundancy scheme in light of expressions of interest from employees," said a spokeswoman for the bank, which is still majority-owned by the State. They added: "Following a period of transformational growth, the bank is now undertaking a number of important strategic business transformation change initiatives to enable its strategy and improve organisational effectiveness and efficiency."
"To announce this a few short weeks before Christmas is upsetting for staff and shows poor judgement from the bank," he said. FSU general secretary John O'Connell criticized the decision, emphasizing that there was no prior discussion with the FSU about this announcement.
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