Dáil Éireann Debate, Thursday - 28 January 2016
81. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 238 of 18 February 2014, the number of jobs lost in the banking sector since 2011; and if he will make a statement on the matter. [3585/16]
Amharc ar fhreagraSince 2011 a number of banks have ceased operating in Ireland or have been merged into another institution (Anglo Irish Bank, Irish National Building Society, ACC, Bank of Ireland Scotland, Postbank, EBS and First Active). That said, a number of new entities have also become regulated providers of financial services in that time.
My Department has the following data available in relation to staff numbers at Irish banks in 2011 and the most recent figures available:
|
Bank |
Full Time Equivalent Staff Dec. 2011 |
Latest Figures for Full Time Equivalent Staff |
|
Bank of Ireland |
13,234 |
11,384 (30 June 2015) |
|
AIB |
14,501 |
10,204 (Dec. 2015) |
|
PTSB* |
2,305 ( as of Dec. 2012) |
2,449 (June 2015) |
* Permanent TSB staff numbers have fluctuated due to its separation from Irish Life in 2012, as a result the employee numbers presented in the 2011 accounts are not representative of the current Bank structure.
In relation to IBRC (in Special Liquidation), there are currently 25 staff remaining in IBRC, all of which are employed in the Republic of Ireland. 1,186 staff were employed by IBRC as at 31/12/2011 including staff in UK, USA and the rest of the world. 895 of these were employed in the Republic of Ireland.
In relation to Ulster Bank, as published in the Ulster Bank Limited Report of the Directors and Financial Statements of 31 December 2014, the number of staff employed by the Group excluding temporary staff was 5,007.
It is worth noting in relation to all the above figures that whilst staff numbers have reduced in certain institutions, some of these jobs have been outsourced and overall numbers employed have not suffered the full reduction.
The Quarterly National Household Survey shows the seasonally adjusted figures for those in employment in the "Financial, Insurance and Real Estate" sector. In Q4 2011 the figure was 104,100, while in Q3 2015, the figure is 98,800, a decrease of 5,300 in the space of four years.
