The Financial Services Union plan to meet with Permanent TSB in the coming weeks to receive an explanation for 300 staff redundancies.

In December, the bank revealed a voluntary exit scheme, initially available to senior managers in October, would be expanded to include all staff.

The Financial Services Union (FSU) intends to meet the Bank to seek clarification on the rationale behind each redundancy.

'Line-by-line rationale'

Head of industrial relations at the FSU Gareth Murphy has said the union is concerned about customers and workloads on remaining employees.

"We're very concerned about 300 potential job losses at Permanent TSB," he said.

"We're concerned for the customers and the impact any job losses will have on services, we're also concerned for remaining staff.

"While these redundancies thankfully will be voluntary redundancies, we are concerned about any potential increase in workloads, job transfers and work-related stress and pressure for the remaining staff."

Mr Murphy said the union will seek a "line-by-line rationale and reason" for all redundancies, which it will then "interrogate".