31/10/2013

Danske Bank To Cut 150 Jobs

Danske Bank Ireland has announced it is to cut 150 jobs as a result of a restructuring of its banking operations in Ireland.

The bank, formerly known as National Irish Bank, is to withdraw from the personal banking market to focus on its corporate operations.

It is understood that the job losses will be compulsory.

The Irish Bank Officials' Association have said that they are "shocked" by the lack of consultation with the banks' staff and customers, and have called on Danske Bank to "reconsider".

(MH/JP)

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