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Updated 22:50.
DANSKE BANK IS to begin a pullout of the personal banking market in Ireland leading to the loss 150 jobs, it was announced earlier today.
The jobs losses will be compulsory according to General Secretary of the IBOA Larry Broderick who said that the union was “shocked” by the bank’s decision.
The bank, which is formerly National Irish Bank, says the decision was taken following a review of its Irish operation from which it says it was unable to re-establish a sustainable retail banking business model.
Dankse say that there are to immediately cease offering products to new personal and banking customers and will phase out services to existing customers over the first six months of 2014.
In a statement this morning, Danske say that they intend to refocus their Irish business on corporate and institutional clients.
The bank had previously announced that it was to close its branches across the country in favour of nine ‘advisory centres’ to deal with customer queries.
The decision follows last week’s announcement from ACC Bank that it was also withdrawing from standard banking products with the loss of 180 jobs.
Speaking to TheJournal.ie this morning, IBOA general secretary Larry Broderick said that today’s announcement represented a “sad day for banking in Ireland”.
He says the union intends to lobby the Government to get them to pressure Dankse to reverse their decision as it “sends a bad message about Ireland as it intends to leave the bailout soon”.
As part of negotiations with Dankse, he also says that the IBOA intends to push for the terms of jobs losses to be changed so that they are voluntary and not compulsory.
First published 08:21,
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leglaise it tax it and control it and watch the country better it’s self from the extra revenue from it look at the likes of America and put 1 step forward not 10 steps back as normal
@Mick Mccabe: “look at the likes of America” with rose tinted glasses?
@Mick Mccabe: Good idea and use the money to match the plant pots in Grafton Street that are in north Dublin.
@Mick Mccabe: Amen.
@Mick Mccabe: is that not just for medicinal use in the US?
@GerryCummins: “The non-medical use of cannabis is legal in 9 states (Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Vermont, and Washington) plus the District of Columbia, and decriminalized in another 13 states plus the U.S. Virgin Islands.”
@Mick Mccabe: if they legalized big pharma industry would collapse that is what it is all about money..
Ive never seen a stoner attack anything at 3 am other than a burger, yet perfectly legal to down a gut full of vodka n redbull and strut out the club like your connor mcgregor looking for trouble! Some logic
@Jonathan Whelan: seen plenty that couldnt string a sentence together though….you know wharra mean man..yeah man…
@GerryCummins: true enough, but they aint the ones clogging up A&E’s and urinating n vomiting after clubs in a town near you!
Once again, Gardaí resources being wasted on combatting something that should be legal, regulated, and taxed.
@Todd Hebert: also, were it legal these growhouses wouldn’t exist
@Todd Hebert:
The Gardai did the right thing to shut down this criminal enterprise run id imagine not by cheech and chong but by gangs. It should of course be legalised so Gardai can target heroin and coke dealers but the political will isnt there. The yanks got it made illegal originally and ironically they are now the ones legalising it.
Legalise the stuff for God’s sake.
Legalise it; refine it, tax it and build hospitals; schools and homes.
Junkies? It’s weed for crying out loud, should be legalized…
2.7 million……stop
I can smell it from here!, anyone out there with menopausal symptoms I would recommend giving it a go!….
I think cannabis should be legal for many medical conditions. The therapeutic window (dose of a drug between a medical effect and a toxic effect) of cannabis is very narrow, that’s why it is used with caution. Any therapeutic drugs – natural or synthetic need to be used with wisdom, not recreation, because all drugs have side effects.
@Ania_on_coffee: I take your point, but you must understand cannabis is lovely.
@Honeybadger197: We should legalize it to everyone because it’s lovely? LOL I’m sure it’s probably lovely yes
@Ania_on_coffee: An occasional bowl is a beautiful thing.
@Honeybadger197:
@Fake Avast: It’s illegal in Ukraine. But some people grow it in the countryside in their backgardens. As for Russia – i don’the know.
@ Ania
I think you are not correct. The difference between medical and toxic effect in cannabis is very wide.
Cannabis does not have a toxic effect on the body unless the dose is huge, More than you could physically take!
Excellent news.
Great
Can you imagine if the country was run by stoners?
Nothing would ever get done.
@nichalo
Yeah man that richard branson and steve jobs never got anything done right
@Niccolo Saccho:
I disagree. Although it’s an individual thing I guess. I tend to use pot mostly whilst doing activities. Not driving of course.
@Niccolo Saccho: totally agree. No rapes, no senseless domestic violence, no pissing puking on the streets.
What horror it would be to live in a country where no such thing would be done!
have your say