FSU will fully interrogate business rationale for any redundancies in Bank of Ireland

Comments by Bank of Ireland CEO on possible redundancies is disrespectful to hardworking staff – says FSU

The Financial Services Union (FSU) have described the comments made by the CEO of Bank of Ireland, Myles O’ Grady that there would be significant redundancies across the bank as disrespectful to hard working staff.

The CEO announced yesterday that up to 260 jobs would be cut this year and more would follow in 2026.

Reacting to this announcement John O’Connell, General Secretary of the FSU said:

“ Staff in Bank of Ireland went into work yesterday hearing their professionalism and hard work had helped Bank of Ireland record a profit of over €720 million for the first six months of 2025.

You would expect the bank CEO would send a congratulatory email to staff thanking them for their work. Instead, staff were told through an email and the media 260 jobs cuts would be made this year with more to follow next year.

This has caused undue duress for staff.

The FSU have written to the bank looking for a breakdown of the number by area within the bank, the roles that may be impacted, and the criteria for selection of employees for redundancy.

The  FSU intends to fully interrogate the business rationale for any redundancies across the bank and will support our members throughout this process.”

ENDS