PTSB has announced a voluntary redundancy scheme that could result in the loss of up to 500 jobs, drawing criticism from the Financial Services Union (FSU). The scheme, initially for senior managers, will now include all staff. The FSU raised concerns over the impact of such cuts, especially following a recent IT outage that affected consumers. The union called for government and regulatory scrutiny of PTSB’s decision, questioning how the bank can justify cutting IT staff after a significant service disruption.