Bank of Ireland is set to undergo structural changes as it plans to cut staff numbers in a bid to create 'a leaner organisation' over the next three years. Group Chief Executive Myles O'Grady confirmed that although there is no specific redundancy target, staff levels will decrease. This restructuring initiative will require a budget of between €110 million and €125 million, suggesting a commitment to streamline operations while keeping branch locations intact.
Myles O'Grady, the group chief executive of Bank of Ireland, aims to create a leaner organisation, signaling possible staff cuts while maintaining branches.
The planned restructuring will involve an investment of between €110 million and €125 million over the next three years, indicating a significant organizational change.
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