18/01/2005

Northern Bank to relocate staff following robbery

The Northern Bank has announced that it is to relocate 40 workers following last month’s robbery at its headquarters in Belfast.

Staff will be moved to new positions within the bank, either in other departments or branches, in what has been described as a move to “safeguard the welfare of staff”.

Staff were informed of the decision in a recent confidential letter however no decision has been taken into when the move will take place.

Yesterday, Secretary of State Paul Murphy and Irish foreign minister Dermot Ahern said they were 100% convinced that the IRA was involved in the robbery.

Both men met in Dublin on Monday to discuss the impact of the £26.5 million raid.

Mr Murphy said the prospect of power-sharing has been dealt "a very serious blow" by the raid while Mr Ahern said “evasion and denial” by republicans was increasing the gulf of mistrust in the political process.

Earlier this month the Northern Bank confirmed it is to withdraw all of its paper note currency estimated to have a face value of around £300 million.

The move, which will cost the bank £5 million, will see all existing £10, £20, £50 and £100 notes replaced, however the bank's polymer £5 notes will not be affected.

Following last month’s raid, PSNI Chief Constable, Hugh Orde said that it was his opinion the IRA was behind the robbery.

(MB)

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