Bank of Ireland has outsourced cheque clearing services that will see 130 staff transferred to supplier BankTec.
The bank said staff involved have choices to make. “They may transition to BancTec as part of the contract, seek redeployment opportunities within the bank, or take voluntary redundancy,” it said in a statement. The bank said it will retain a number of employees in the cheque clearing operation.
The union representing the workers, Irish Bank Officials' Association (IBOA), said it was disappointed with the decision.
“The decision by Bank of Ireland to proceed with the outsourcing of clearing operations to Banktec is disappointing given the commitment of those staff to Bank of Ireland and the fact that Bank of Ireland is back in profit,” said a statement from the union.
The IBOA welcomed the Bank’s commitments on job security. “If this decision is in the strategic best interest of the bank it is important that staffs’ jobs, pay, pension, and terms and conditions are protected,” it said.
Negotiations between the IBOA, the bank and BankTec will begin next week. "There will be no transfer of work until an agreement is in place with IBOA members,” said the IBOA.
Read more on bank outsourcing
In March last year the Bank of Ireland outsourced its technology operation to Accenture in a move that will affected 200 staff at the bank. Meanwhile Allied Irish Bank (AIB) is planning to outsource IT with about 450 roles potentially affected as suppliers take over services. Communications provider Eircom, IT security consultancy Integrity Solutions and Indian IT giant Wipro – which has a delivery centre in Ireland – are in line for contracts.