1,800 banking jobs at risk

The banking sector is looking at outsourcing and consolidation as one of the key solutions to restructuring its Irish operations, with AIB, Danske Bank and Bank of Ireland all considering removing functions from Ireland according to the banking union, IBOA.

General secretary of the IBOA, Larry Broderick, said across the three banks Ireland could lose a further 1,800 jobs as certain functions move overseas.

“There could be up to 1,800 further jobs lost. These staff have already been through the restructuring process and are in a very vulnerable position,” he said.