‘Shameful’ decision to close Bank of Ireland branches

'Shameful' decision to close Bank of Ireland branches

The Financial Services Union has called the Bank of Ireland’s decision to close branches on the island of Ireland a shame and a betrayal of its staff and loyal customers.

The FSU said the move would hurt vulnerable people the most.

He called on the Central Bank of Ireland and the Minister of Finance to act now to protect customers and staff.

“The Bank of Ireland’s announcement this morning to close 103 branches will shock both staff and customers,” said John O’Connell, Corporate Secretary.

“How can the Bank of Ireland think it is appropriate to make this announcement when the country is in the middle of a pandemic?” It is a shameful act that must be reversed, ”he said.

He said the Bank of Ireland could not be allowed to take life-saving service away from the elderly, people without internet access, people with literacy challenges in this time of heightened anxiety.

Mr O’Connell also said bank staff worked tirelessly during the Covid-19 pandemic to provide professional service.

The FSU said the decision will also have a massive impact on the SME sector at a time when it is on its knees.

The union has called for a moratorium on branch closures at least until the end of 2022.

Speaking on Morning Ireland, John O’Connell said branches were closed in areas with poor broadband and limited access to other services.

Mr O’Connell said the FSU believes the future of banking is blended banking (online and branch network) and that it is …

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