The state-owned Permanent TSB bank has announced it is closing 16 branches and cutting 250 jobs. The job losses are foreseen to be voluntarily and under an improved redundancy package of three weeks per year of employment, plus statutory entitlements. Permanent TSB made known it will reorganise into a small bank.
English: http://www.rte.ie/news/2012/0724/permanent-tsb.html
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