It employs about 2, 000 people in Northern Ireland, though like other banks, Ulster is going through a process of redundancy with 350 jobs in the region expected to go.

BBC: Ulster Bank losses increase in first quarter

They said they expected to have finalised the restructuring plan by the end of next week, while the redundancy process would be concluded by 5 October.

BBC: Shipyard to lay off half workforce

Stephen Ritter, representing Tapping, said his client had worked as a journalist for many years, including for national newspapers, but was in the process of negotiating redundancy with the Diocese of Salisbury.

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And there is a lot of redundancy built into the normal process.

ECONOMIST: The transition