Bank of Ireland jobs under threat in cost-cutting bid

More than 1,000 jobs are likely to be lost as part of Bank of Ireland’s ongoing cost-cutting efforts.

Bank of Ireland jobs under threat in  cost-cutting bid

The bank employs just under 13,400 people. While this figure is down by fewer than 400 on this time last year, the company has shrunk its staff levels by 3,700 since the start of 2009. Earlier this year management warned that more redundancies than the initial 750 target announced in the summer of 2010 would likely be needed.

Financial workers’ union, the IBOA, recently said it feared that a further 600 jobs could be lost at Bank of Ireland.

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