Irish banks have cut more than 100,00 jobs in the next 12 months as they struggle to deal with a new human resources strategy.
The Irish bank, the largest in the country, said the cuts will include reductions in staff and customer service.
Its chief executive, Mike McGovern, said that by 2022 the bank will have cut 2,000 roles.
“We have identified a number of key areas of focus which are in our future growth plans, including human resources and human resources technology,” he said.
“Our future growth plan is to continue to improve and improve our business, so it is critical that we focus on these areas.”
The bank has been under pressure to show greater focus in the areas of human resources.
Last year, it reported a loss of €1.8bn, of which the majority was from an increase in loan losses and a decline in its profit margins.
It has since faced a series of challenges, including the collapse of its business after an accounting scandal involving payments made to customers.
It also announced a series in the autumn and winter that were not enough to keep it afloat.
Its Irish parent company, Ireland’s second largest, has been trying to regain financial control.
Last month, the Irish government announced it would close the country’s biggest bank, State Bank of Ireland, as part of an austerity package.