290 jobs to go as Danske Bank scales back operations

Up to 290 jobs look likely to be lost at Danske Bank as a result of the financial institution’s decision to significantly scale back its Irish operation.

As well as the 150 jobs to be lost through the closure of its personal banking function, the bank’s head of corporate and institutional banking, Terry Browne, confirmed a further 140 in its non-core functions will also be let go over time, though he said there was no timeline for that happening.

That will mean just 60 of the bank’s current 350 staff will remain when the rationalisation is complete.