Blame It On The Rona


This morning.

Via RTÉ:

A spokesperson for the bank said it had launched a voluntary redundancy programme that would see staff numbers reducing to fewer than 9,000, from a current workforce of 10,400.

Earlier, the bank reported a loss of €669 million before tax for the first six months of the year, after putting aside €937 million, mainly to cover losses related to Covid-19 loan repayment breaks.

In its half year results, the bank said Covid-19 had a material impact on the group’s financial performance and outlook….

BOI to cut 1,400 jobs as it sets aside €937m for potential bad loans (RTE News)


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17 thoughts on “Blame It On The Rona

  1. Sirtuffyknight

    This is the tip of the iceberg, we’re headed for a full-on depression thanks to our ongoing dangerously stupid approach to managing COVID-19

      1. goldenbrown

        yup I agree, make sure your assets are in good shape ‘cos there’s a nuclear winter on the way

    1. Zaccone


      We locked down to flatten the curve. We’ve as of today got 5 patients in our ICUs, the curve is as flat as its ever going to be.

      At this stage staying locked down is just going to cause more deaths from damage to the health system and economy.

  2. Junkface

    This is what happens when you can’t steal money from your customers anymore (Mortgage scams) and the shareholders want more buffer cash so they can hold on to their yachts and floozies. BOI can burn in hell

    1. goldenbrown

      you’re probably not a million miles off there Junkface but I would feel very sorry for the contractors and non-old school tie employees

    2. carlosfandango

      #backingbrave or whatever bullpoo slogan they are using. Never thought I’d actually properly hate an organisation, but I do! Sorry for the staff losing their jobs, I hope that something positive comes from the forces change in their lives but the bank? Fup ‘em.

  3. Matt Pilates

    If it were anyone else I’d feel sorry for them. But it’s not; so I don’t. Fire the entire organization and let Revolut reign!

    1. Pat

      The whole organisation? Bit harsh. Sure most of the employees are just regular people Earning a wage that don’t dictate rotten bank policy.

      1. Matt Pilates

        Bit like saying let’s allow the Concentration Camp guards with the dogs off because they were only following orders. Fire the whole lot.

        And they still won’t know what a track and trace mortgage is.

  4. Dr.Fart

    they dont need to let go of those people. theyre protecting money before staff, knowing they can re-staff if they need to. the amount of money they have, theyd easily keep them on and just take a bit of a hit. but theyre so greedy they’d prefer to sack off a load of little guys to keep the golden toilet in action.

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