Besides, PS pay was last season's ordained scapegoat. Minimum wage earners seem to be next for demonisation.

Can't say it is a surprise. In fact it was signaled a long time ago. I'd imagine there will liittle or no redundancy in most cases as most branches have not been running more than 2 years. Bad headlines from Ireland going abroad that a whole retail bank is upping sticks and getting out of Dodge.

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Seabhcan on EU Enlargement and the Lisbon Treaty: "There is no shortage of cheap labour - Turkey isn't needed."

I`m amazed also that after this news broke the share prices of BOI / AIB fell

Surely less competition would be good for the main banks ?

what does this mean for those of us with Halifax current accounts and mortgages with BoS? Have to say I found banking with Halifax excellent - having switched from AIB about six months ago. Great service, great opening hours and the convenience of the visa debit card is something I'll miss a lot...

750 job losses

Let's assume that Welfare gives them a third of a drop in money

That means 500 job losses still have to be "covered" (tax loss + welfare loss).

A method of covering that would be to cut the pay of 10,000 public servants by 5%...

These continuing job losses put huge strain on public finances - and private sector job losses will mean public sector pay cuts

cYp

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"Yawn , am I alive yet ?"

Now that you mention it. I seen a MW (new moniker) beating a child not so long ago and he was wearing Armani shoes.

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Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius - and a lot of courage - to move in the opposite direction.

EF Schumacher

Or that international banks see no real short-mid term future here, and those than can get out are doing so.

I suppose the sentiment might be if a whole bank is pulling out of Ireland what does that say for the banking environment there?

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Seabhcan on EU Enlargement and the Lisbon Treaty: "There is no shortage of cheap labour - Turkey isn't needed."

Paye, prsi, levies and employers prsi on the 750 jobs ( average wage €50,000 ) is €19,043

+ average social welfare & medical card €12,000 minimum

750 X ( 19,043 + 12,000 ) = €23 MILLION

Peanuts to this Government when you consider NAMA €54,000 MILLION

Less competition for us consumers.

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I'm on a temporary, heading towards permanent ban for using dozens of sock puppets