Bank of Ireland is to cut 2,100 jobs in the Republic of Ireland and the UK as part of drive to cut £83m from its annual spend.
The cuts will trim the bank’s 17,000 strong workforce by 12% over the next four years. The main cuts will come from the 12,000 staff employed in the republic.
Chief executive Brian Goggin said the job cuts would “enhance the competitiveness of the Bank of Ireland Group and enable us to capitalise on growth opportunities”.
Union leaders said they would oppose the lay-off plans, but did not indicate whether strike action was being considered.
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