EMCC European Monitoring Centre on Change

Permanent TSB

Company/Organisation:
Permanent TSB

Geographic Location

Country: Ireland

Company

Sector: Financial services
Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Number Employed: 2400

Employment Effects

Announcement Date: 27-05-2021
Type of Restructuring: Business expansion
Employment Effect Start: 27-05-2021
Planned Job Creation: 180

Additional Information

Retail bank, Permanent TSB is to create 180 jobs as part of the bank’s growth strategy. Recruitment for the roles has begun. The new jobs will be at senior and graduate level and will be in the areas of technology, business banking, risk management and data analytics. The bank currently employs 2,400 staff in Ireland.

The bank also has announced that its hybrid working arrangements for employees, including options to work from home for up to three days a week, a compressed working week, job sharing and the use of a network of hubs to cut commute times for workers.

The job creation plan is just six months after the bank announced a redundancy programme across the UK, with an aim of reducing its workforce to cut costs.

For other restructuring cases related to Permanent TSB in Ireland, see Permanent TSB-IE-201207Permanent TSB-IE-201204Permanent TSB-IE-2011, and Permanent TSB-IE-2009

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