PTSB launches voluntary redundancy scheme that could cut up to 500 jobs

PTSB has announced a voluntary redundancy scheme that could lead to the loss of up to 500 jobs. Initially available only to senior managers, the scheme is now open to all staff. The Financial Services Union reports that the cuts may include 100 jobs in IT, 200 in retail, and 200 across other areas. The union has raised concerns about the impact on consumers and staff. PTSB stated that the redundancies are part of a strategy to improve efficiency. The bank has not confirmed the exact number of job cuts.