Bank of Ireland

Type
Merger/Acquisition
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
150 jobs
Number of planned job losses
Job loss
Announcement Date
25 April 2003
Employment effect (start)
Foreseen end date

Description

-the Bank of Ireland announced it would be transferring the management of most of its computing to Hewlett-Packard.

-The Bank of Ireland's reasons for going the other way fit Broome's guidelines. 'What drove our initiative was a view that on the IT-infrastructure side, efficiency and cost-effectiveness were becoming a function of scale, we don't have that scale, and we might suffer as we don't.'

Sources

Citation

Eurofound (2003), Bank of Ireland, Merger/Acquisition in United Kingdom, factsheet number 59187, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59187.