Bank of Ireland’s staff cull, INM’s strategy and ODCE woes, and another bid for Smurfit
Business Today: the best news, analysis and comment from ‘The Irish Times’ business desk
Bank of Ireland chief executive Francesca McDonagh, who is planning to streamline its management ranks in a bid to cut costs. Photograph: Dara Mac Donaill / The Irish Times
Bank of Ireland chief executive Francesca McDonagh is planning a cull of 15 per cent of its management ranks, as she sets about tackling its cost base some five months after taking charge at the lender. Joe Brennan has the details.
Some 70 senior staff atIndependent News & Media will gather in Croke Park today to hear about the company’s new strategy, which has been devised by consulting firm EY to future proof the business. Meanwhile, its share price fell by 5 per cent in Dublin yesterday following confirmation that the ODCE plans to seek the appointment of inspectors at the High Court on April 16th. Ciarán Hancock reports.
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