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A UNION REPRESENTING financial service employees say that there is “significant concern” among the staff at KBC Ireland as “all options are on the table” concerning the bank’s future.
It was reported last week that Johan Thijs, Group CEO of KBC Bank, said that a decision regarding the future of KBC Ireland would be announced on 9 February.
This means that a decision regarding whether the bank will keep all operations as they are, whether they will merge the bank or sell it on are all possible options according to the union, and the uncertainty is a source of worry for staff.
“This uncertainty cannot be allowed to hang over bank staff for the next month,” said General Secretary of the Financial Services Union Larry Broderick today.
“I have written to the Chief Executive of KBC Ireland expressing the concerns of KBC bank staff who have contacted us in recent days. I have urged KBC to provide clarity to staff and also to put in place a mechanism so that the views of staff have a voice before a decision is made.”
KBC Bank Ireland employs over 1,000 people in Ireland with centres in Dublin, Cork, Galway, Limerick, Kildare, Waterford, Wicklow and Kilkenny.
KBC Bank had an operating profit of €17.1 million before tax and impairment for the third quarter of 2016, down from €33.9 million in quarter three the previous year – with KBC Group reporting its net profit at €629 million for quarter three 2016.
They also added 16,900 new customer accounts in that same quarter, bringing to 49,900 the total added in the first nine months of the year.
The Central Bank of Ireland issued KBC Bank Ireland a fine of €1.4 million last October for failing to implement adequate policies and processes, and obtaining prior approval before issuing a loan.
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It’s very sad and there is not enough being done to prevent it so so sad
@Dan Henry: I hear people calling for the usual “more resources” which used to be called more funding or more money. This will not fix the problem. Lots is being spent on mental health services with no improvement. The big issues with our worsening mental health crisis are the malaise of western mindset – materialism, isolation with competition and attempted self medication with drugs especially alcohol which is the great facilitator of suicide. Until we change our culture of thinking we will continue to have great amounts of mental health disease.
@Biróg: Also what is a highly destructive for a persons mental health is being paid not to work. The person has no function in the community, has low self esteem and the boredom invariable leads to recreational damaging alcohol and drug use.
Historically Irish people were significantly materialially more poor but the access to social welfare, drugs was not there. Suicide was a rare event during these times. There were also religious protective factors (which was had the potential for damage some would argue)
@Birog
I agree that more resources is not necessarily the solution, but I’m not sure about the ‘western mindset’ concept. With a handful of exceptions (eg. Japan) very few fully developed first world countries make it into the top 25 countries ranked by suicide rate. High poverty rates seem to be the common factor for many countries on the list, and the majority are ‘third world’ countries. Neither the US or any country in western Europe makes it onto the list:
http://www.worldatlas.com/articles/countries-with-the-most-suicides-in-the-world.html
Totally agree Birog!
austerity is killing our country and our people suicide has ramped up since ff bailed out the banks.ff fg don’t care get rid of them or nothing will change.
@Avina Laff…. the true rate of suicides in this country is 3 to 4 times higher than publicised. I worked for a short time in conjunction with the coroners office and it was disgusting. The coroner will only rule it as a suicide it there’s a note left. Even if it’s an obvious suicide it will be ruled as death by misadventure. And then there are families who none want it ruled as suicide too, understandably. One afternoon I sat there as 5 obvious suicides came through the court and all were ruled Death by misadventure. If the true number was ever publicised it would be up in the thousands a year not 500ish as it is now
Agree with your point of view to a large extent. One thing that must also be highlighted is the suicide amongst indignous populations caused by alienation from societal norms be they amongst the travelling community here, the Maori in New Zealand or Native American or Native Canadian in North America.
@Bobby. They had to do the bail out, cause the alternative would have been a lot worse. There would have been a run on the banks, people’s savings would have been gone, corporations would all leave. Now I know it’s bad & so hard on a lot of folks, but as I said the alternative would be 10 times worse that it is now. This is the way the world works.
This country puts way too much pressure on being perfect in every stage of life from exams relationships careers etc. How are people with mental health problems supposed to succeed with no proper public mental health services. The housing crisis is putting people in miserable mindsets unable to cope especially the stigma of needing social housing because the government of last 30 years deny the physical & mentality their basic rights especially their housing&health needs leading to suicide as they can’t fit in to a very demanding society of what is perfect or not.
What good is throwing money at mental health service when people don’t earn enough to live, can’t afford to put a roof over their heads and see no way out of endless grinding poverty. Sort those issues out and the mental health service will be used by those who really need it, ie, those who are mentally ill, not people who are depressed and suicidal because of their living conditions. Government and businesses who promote zero hour contracts have a lot to answer for. We as a nation could start by boycotting them.
Agreed Mary. Hit them in the pocket.. its the only way to change a corrupt system that values profit over people.
Workplaces need to be held accountable too. Exploitation, zero hour contracts, lying, belitting, stealing, under paying and getting away with murder cos they can. People are desperate for money and forced to accept “agency” or temp contracts.No job security at all. Astonishing the amount of billion plus profit companies in Ireland doing this.
Also to the Unions they should be more pro active to help those in the retail and customer service roles. Just cos it is not lucrative or not a good PR stunt doesn’t mean they should be ignored.
Poverty is bad for your health (physical and mental) this should be common knowledge by now, and we should have properly joined up economic and health policies which address it
@Colin Foley: All places, including educational establishments amongst students AND teachers etc, you’d be surprised what’s going on and keep at it because health & safety policy is not implemented with an iron fist. Having said that, it takes a person affected with energy to fight it to rectify. Often though the victim is not strong or doesn’t know how to deal with it. I don’t think bullying should be treated any way different from physical assault, its a mental assault. So if we’re going to talk in equal measures lets look at it holistically. On that note, espeically as the seed to gaining employment, the amount of bitter bile from competitive eejits who want or think theres only one job existing, in education you’re going to get a lot of that. Society, of society has an awful lot to answer for today. Allowing thousands of workers in to take jobs that graduates here need doesn’t help matters either. We won’t even start at rural Ireland. They feel, whats the point? Bruton wants competition, at what cost? Greedy pigs.
451 people died from suicide in Ireland in 2015 and 165 people died on our roads in 2015. Is it just better marketing or is there more money spent on road safety than suicide awareness?
Government policy government sponsored bank fraud, government sponsored eviction courts, government sponsored employment policies that sees some low pay workers seen as no more than drones, not human beings, government sponsored housing and rent policy, government sponsored media that scandalises SW recipients as ner’do wells and spongers, government sponsored health policy where your bank balance dictates what services are available.
Government sponsored neo-liberal policies that see public services that the disadvantaged in society depend on starved of funds in favour of Corporate Welfare.
Society no longer exists, economy rules.
No offence but there are many happy to be taking advantage of the government sponsored sw, state sponsered single mothers allowance and housing benefit that are just working the system.
@Jimmy Berg: They don’t cost the 13 Billion Apple costs in Corporate Welfare, do they?
There is over 20,000,000,000 of taxpayers money being spent on “social protection” in this country assuming that most people earning good saleries don’t benefit (besides children’s allowence) that’s a lot of dosh going to a relatively small group of people.
138 families face the eviction courts around the country today.
138 with mental health I don’t think so a lot jumped on the I’m not f!#king paying band wagon the banks screw me! As one great man said it’s not how many times you get knocked down it’s how many times you get back up ( Rocky balboa)
@Adrian: Most are victims of the bank collapse, and austerity measures to pay the bank’s debts. None of our MSM will publish the numbers hauled before these secret eviction courts.
These people are down, and the weight of the law will be employed to keep them down. There’s money to be made.
Some extremely good comments here to an article I think is very necessary. One point not mentioned enough is the sheer “loneliness” factor that may cause long term isolation from a society seemingly more remote and into “social media” which in some ways is an oxymoron. “Social” traditionally meant personable, mixing well with people of all ages and classes not tapping on a screen to make contact with other humans. There is too much self-absorption nowadays with tablets and smart-phones substituting for human contact.
The rate of suicide amongst young men is particularly concerning as is copy-cat suicides and murder-suicide which is now more prevalent in Ireland.
We need to talk more one on one with our fellow humans.
Back in 2006/7 suicide rates in Cavan were higher than amongst US military personnel in Iraq then (18.9/100K vs 18.1/100K). It’s down to 11.3/100K in Cavan since then (2015 figs) but overall the rate has actually increased asides from in Leinster according to here: http://www.irishtimes.com/news/social-affairs/data-on-suicides-nationwide-reveals-sharp-differences-1.2667609
But how can we be sure? How many deaths are never counted as such that are?
There is a load of horse sh** being spoken on here about million dollar companies being at fault , and boycotted. Is any one going to speak about the rich people commiting suicide or the people in so called poverty who lead a wonderful life. Suicide affects all walks of life and blaming billion dollar companies is pointless.
@Kieran Jones: People in poverty leading wonderful lifes eh! and you accuse others of sprouting horseshit. Oh the irony. Also no one ever said suicide doesnt affect rich people either!
@colin. If your going to quote me do it properly. I said so called poverty. And no one on here mentioned the rich people except me.
Neuroscientist Kimberly Noble highlights one such invisible, yet very real, element of poverty: its effect on brain development in children. Also having a religious organisation as the largest provider of health services and education etc can’t really be doing wonders for us.
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