Seanad debates

Tuesday, 22 March 2005

3:00 pm

Photo of Martin ManserghMartin Mansergh (Fianna Fail)

I wish to express concern about the scale of the job losses being proposed by Bank of Ireland at the same time it announces record profits. As a customer of Bank of Ireland for some 40 years, I naturally have concerns for the people who have helped and served me. I deplore the macho management style which seems to measure success by the number of people that can be got rid of or fired. I would be more impressed if there was going to be a similar 10% cut in share options, salaries and other benefits at the very top of the bank.

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