Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

If one does the sums, it is clear it will not be possible to reduce the cost base by the targets the bank has set out without reducing payroll costs. Is Ms McDonagh saying that while she acknowledges the headcount will fall, there is no formal programme to bring that about? Is there a particular target? There are reports about stripping out layers within middle management, bringing senior managers closer to customers and so on-----