It's terrible news.
I haver the same reaction to when I heard the news that Guinness was laying off all its coopers in the 1950s. It's crazy, they should have kept them on, even if they were not needed.
And the invention of the printing press was really no excuse in the 1400s for the monasteries to get rid of their scribes.
We should not allow technology to change the world. We should not allow the banks that we bailed out and part own to close branches just for the sake of being efficient and profitable.
Let's ban all electronic money so that people are forced back to using cash and cheques.
Brenda
It's clear banks no longer want to sell us products, get to know their customers and find solutions and services to meet their needs. Instead they are assuming you will come to them digitally if you want something. That is a short term reaction that will come back to hurt both the bank and their customers in the years to come. I wonder in 10 years time will there be a "computerised lending" scandal because the IT brigade thought they knew best? What happens to BoI if they get a repeat if the Ulster IT issues of a few years ago?
Yes, it accounts for more than a third of their revenue.
I wholeheartedly endorse everything you've said. Problem with online exchange is a lot of people use it as a forum to vent without any empathy or consideration. I have seen a lot of dismissive commentary on this and other issues on AAM, strike me like some contributors like beating their chests and feeling great about themselves.God, some of the posts here are just mad. For a start, the majority of branches closing don't even offer counter services so the impact on employees is minimal. There will be no compulsory redundancies so I have no idea why people have to ridicule people's jobs.
Secondly, people seem to think bank branches have not changed since the 1700's and are just full of school leavers looking for a career in bank telling. You really need to get away from the internet for a while. The patronising and vicious posts that basically call people who might start a career in a bank branch as stupid for choosing such a career don't really belong on this site. Who is anyone here to judge anyone on how they start their career? I know someone started as a bank teller while getting his accounting degree and is now a Managing Director for one of the largest fund managers in the world. There are many bank executives who start out working in bank branches.
Banking is changing. There is an unstoppable move towards digital channels. Bank branches in small towns and villages are just not viable. But then neither are most post offices. Neither are most pubs. Neither are most shops. Neither are most garages. People will choose to work there if they are present though. Doesn't make them stupid.
As for saying anyone who started working in retail banking (which is a huge sector) recently 'deserve to be filleted'? Really nice to see what a consumer website has become. Lovely for people who work in that sector come on here looking for advice like the rest of us and read stuff like that.
It's also not an Exchequer subsidy.So the DSP contract is a fraction of the 163m.
I started my working life behind the till in a video store! Remember those?That’s life. If someone is starting off now and they’re pursuing a career as a bank teller, how can they deserve any sympathy?
Someone who consciously went into retail banking recently and is now staring down the barrel of a gun deserves little or no sympathy.
The ‘Straw Man Arguments’ are gas.
My comments were specific to people entering retail banking now or recently.
That has no relevance to someone’s mate who started as a bank teller years ago and became MD of a fund or someone who worked in a video shop years ago.
Someone who consciously went into retail banking recently and is now staring down the barrel of a gun deserves little or no sympathy.
If someone is starting off now and they’re pursuing a career as a bank teller, how can they deserve any sympathy?
I would argue that better strategic planning would have enabled the company to reduce the branch network over time.
I don't think anyone is starting off now and pursuing a career as a bank teller. The only reason why anyone would do that is if the banks are actively trying source staff by promoting such career options. I don't think they have being doing that for quite some time.
I keep telling ye I'm an influencerThey must be reading your advice Thirsty.
There is nothing strawman about pulling you up for saying anyone who joins retail banking recently deserves to be filleted. Nobody is arguing your point about the future of banking but your language was disrespectful to people trying to earn a living and just because branches are closing doesn't mean there isn't a future in retail banking unless you define retail banking as sitting behind a counter dealing with the public on which case you don't really know what you talking about.Again, you don’t seem to be reading the posts in question properly. It’s classic Straw Man stuff. At no point have I said that someone working in a branch is a simpleton.
What I have said is that anyone who has pursued such a career RECENTLY deserves very little sympathy.
Someone isn’t a “simpleton” for working in an industry that’s under threat. But, by God, if they’ve chosen to enter it recently, one has to wonder.
As for the longer-serving employees, they’ll either get handsome payoffs or be redeployed elsewhere.
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