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Ferris condemns Bank of Ireland job cuts

16 July, 2010 - by Martin Ferris TD


Reacting to the announcement today that Bank of Ireland is to cut 750 jobs, Sinn Féin Spokesperson on Worker’s Rights Martin Ferris has condemned the cost-cutting exercise of Bank of Ireland that is exploiting frontline and lower paid workers.

Deputy Ferris said “Today’s announcement by Bank of Ireland to cut 750 jobs is another blow to the people of this State and further testament to the unfettered greed and self-interest of banks.

“This announcement of job cuts is the crux of its biggest cost-cutting exercise since the Government injected €3.5 billion of taxpayer’s money into the bank last year. Cost-cutting exercises in these profit-driven institutions continue to exploit frontline and lower paid workers, while simultaneously neglecting to reduce some of the extravagant salaries of their directors.

“The taxpayer has provided the banking system of this State with the crutch it needed, but in return the banking sector treat workers and people as expendable.”

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