Bank officials meet on BoI cuts
The Irish Bank Officials' Association (IBOA) is meeting today to discuss its response to Bank of Ireland's announcements of 2,100 job cuts.
The IBOA has described the move as "corporate greed at its most vulgar" and did not rule out the possibility of strikes in response to the cuts. A spokesman said the IBOA was determined there would be no involuntary redundancies at the bank.
IBOA general secretary Larry Broderick said workers were furious at the move.
"Staff in Bank of Ireland are outraged and extremely angry that, having contributed €1.3bn, they're now facing 2,000 redundancies and, in some cases, compulsory redundancies," he said.
"This is totally unacceptable. It's corporate greed at its most vulgar and, from IBOA's perspective, we will be resisting all aspects of this change programme."
Bank of Ireland chief executive Brian Goggin said compulsory redundancies were possible if a voluntary redundancy programme was not successful.
The majority of the lay-offs will be in the bank's Irish operations.
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