Sinn Féin - On Your Side

Bank of Ireland decision is two fingers to workforce

22 March, 2005


Sinn Féin Finance spokesperson, Caoimhghín Ó Caoláin TD has described the decision of Bank of Ireland to shed 2,100 jobs over the next four years as " a callous move to maximise its already bulging profits at the expense of valuable and productive jobs."

Deputy Ó Caoláin said, „Bank of Ireland today announced that it is to shed 2,100 jobs over the next four years while at the same time unveiling a trading statement that gave an upbeat view of the bank‚s performance. To announce job losses while at the same time announcing massive profits shows a total lack of respect and complete disregard for the banks workers and their families. This decision is a callous move to maximise its already bulging profits at the expense of valuable and productive jobs. It is nothing short of a two fingers gesture to the workforce by greedy bank directors.

"Given the massive profits the bank has made in the last number of years it is a disgrace that they are even contemplating job losses at this time." ENDS

Connect with Sinn Féin