BoI set to slash 2,100 jobs as profits soar

BANK of Ireland remains on track to shed 2,100 jobs despite announcing record pre-tax profits of €1.32 billion yesterday, a 13% increase on the previous year.

The results for the year to March were only 4% ahead when exceptional items were stripped out but were in line with market expectations.

Chief executive Brian Goggin said the results were strong and gave the bank confidence for the future. But this future would not include the 2,100 mostly back-office staff that will depart when terms are agreed with the Irish Bank Officials' Association before the end of the month.