Deutsche Bank to cut as many as 450 jobs in Ireland

The job losses are mostly in technology and back office support positions based in the Dublin docklands

Deutsche is one of Europe’s largest banks but like many of the global investment banks has long been battling to boost profits in an environment of historically-low interest rates in Europe. File Picture: Andreas Gebert/Bloomberg

Deutsche Bank plans to cut up to 450 jobs in Ireland in the coming months as part of a longstanding global cost-cutting plan.

The job losses - which include 200 contract staff - hit technology and back-office support positions based in the Dublin docklands and marks the end of hopes that Ireland could potentially grow into a major European tech hub for the bank.