Internal restructuring
United Kingdom
Location of affected unit(s)
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66 - Activities auxiliary to financial services and insurance activities

750 jobs
Number of planned job losses
Job loss
Announcement Date
22 March 2005
Employment effect (start)
Foreseen end date


Bank of Ireland is to cut 2,100 jobs in Ireland and the United Kingdom as part of a cost-cutting drive fuelled by increased competition. Ireland's second largest company also said it would listen to offers for its UK retail division Bristol & West. It had received several offers for Bristol & West, which employs 5,000 staff across 97 branches. If BoI does decide to sell the branches, it will raise a question mark over at least another 750 jobs.

The financial union Amicus, which represents 400 BoI workers, condemned the job cuts. Colm Quinlan, an Amicus official, said: "We have assured our members that we will resist in the strongest terms any attempt to sacrifice jobs purely to enhance massive profits; that we will not countenance any proposal that includes compulsory redundancies, and will oppose any proposal to outsource jobs abroad."


  • 23 March 2005: The Guardian
  • 22 March 2005: BBC News


Eurofound (2005), Bristol and West, Internal restructuring in United Kingdom, factsheet number 61291, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61291.