The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
200 jobs Number of planned job losses
Announcement Date
27 April 2018
Employment effect (start)
27 April 2018
Foreseen end date
31 December 2018
Description
Bank of Ireland is to close 28 of its service centres across the county, which is likely to result in a workforce reduction of 200 employees.
The service centres employ up to 420 people, but it is expected that over half of the staff working in the service centres will be retained by the Bank. The function of the service centres, mostly administrative and support oriented, is to be centralised.
The Financial Services Union (FSU) expressed concern with the announcement, citing uncertainty for staff at this time.
Any job reductions would be on a voluntary basis, at first instance, and according to a collective agreement the Bank has with the FSU.
Sources
27 April 2018: RTE
27 April 2018: Irish Examiner
Citation
Eurofound (2018), Bank of Ireland , Internal restructuring in Ireland, factsheet number 93890, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93890.
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