KBC Bank Group sticks to review as FSU writes to Michael Noonan

KBC Bank Group in Belgium said it has no plans to bring forward its decision on the future of its Irish bank and said it has been “very open and transparent” as the Financial Services Union said it had written to Finance Minister Michael Noonan on the matter.
KBC Bank Group sticks to review as FSU writes to Michael Noonan

KBC has carried out a review of its long-term plans in Ireland for over two years, saying it had not ruled out any option for its bank here which employs around 1,000 people, and it would announce its decision about the bank’s decision when it releases its 2016 earnings, on February 9.

However, Larry Broderick, general secretary of the Financial Services Union, yesterday urged the bank to bring forward its decision because he said it was unfair to keep staff on tenterhooks.

The union also said it had written to Mr Noonan and Minister for Minister of State for Financial Services Eoghan Murphy expressing its concerns.

“Our members in KBC are concerned about their jobs and their future roles. This uncertainty cannot be allowed to hang over bank staff for the next month.

"I have written to the chief executive of KBC Ireland expressing the concerns of KBC bank staff who have contacted us in recent days.

"I have urged KBC to provide clarity to staff and also to put in place a mechanism so the views of staff are listened to before a decision is made on February 9,” Mr Broderick said.

A spokesperson for the bank group in Belgium said it had long said it would make its decision about the future of KBC here based on its 2016 performance. She said the bank has been “very open and transparent” with its staff.

More in this section

Markets will be looking for guidance from this week's ECB meeting Markets will be looking for guidance from this week's ECB meeting
David McNamara: Plenty of green shoots for the global economy David McNamara: Plenty of green shoots for the global economy
Wage slips, wages pay payslips wageslips Jim Power: Small firms face hikes in wage costs as jobs market remains buoyant
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Revoiced
Newsletter

Sign up to the best reads of the week from irishexaminer.com selected just for you.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited