Bank seeks 20 job cuts in life division

Bank of Ireland is understood to be seeking around 20 redundancies from its life assurance vehicle as part of its ongoing group-wide cost cutting and restructuring drive.

The Bank of Ireland Life business, which has its headquarters on Dublin’s Nassau St, employs about 175 people.

Two years ago, the bank’s management said it was seeking 750 redundancies across the group, but more recently admitted the overall figure would be north of that.