Irish Permanent Bank Announces Plans to Cease Trading on Island, Job Loses a Certainty
Treasury Minister Anne Craine has said she is saddened by today’s news that Irish Permanent is set to withdraw from the Island.
The banks Isle of Man arm began trading in 1993, it’s announced plans to cease trading here at the end of the year, which will of course mean a loss of jobs.
It’s down to the bank restructuring their strategies in order to refocus on the Irish Market.
The bank has vowed to work closely with employees, customers and other stakeholders.
Both the treasury and the Department of Economic Development has vowed to work together to find new employment for all those facing redundancy.