The Chief Executive of Bank of Ireland says hundreds of workers will be made redundant from the bank in the coming year.
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Richie Boucher made the comments as Bank of Ireland reported an increase in losses for the first half of the year – up from 556 million euro to 1.2 billion euro.
It’s also set aside 941 million euro to cover bad loans – also an increase on last year’s figure.
Richie Boucher refused to give an exact number of redundancies – but he said the bank is keen to maintain its branch network:
