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Wed 08 Aug 2008BoI cuts consultant costs by one-third
BANK OF Ireland has shaved 30 per cent off the cost of outside consultants and contractors by renegotiating their contracts and taking external workers off its payroll in a bid to rein in costs amid the economic slowdown.
A spokesman for the bank confirmed it had reduced consultant costs by almost one-third. He said the bank would not reveal how much it was spending on consultants and would not say how many consultants had been taken off its payroll.
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