The chief executive of the Labour Relations Commission will mediate in talks between the Bank of Ireland and its employees over the bank's plan to lay off over 2,000 workers.
The bank has agreed to hold off on the redundancies until the talks chaired by Mr Kieran Mulvey are concluded. The talks will begin next week.
Yesterday Bank of Ireland unveiled plans to cut 2,100 jobs across its operations in Ireland and Britain with the aim of saving €120 million.
The union representing financial services staff the IBOA declared today that it would not cooperate in the job cuts claiming there was "no business case or logic" to the bank's proposals.
Following a meeting with Bank of Ireland's management today the IBOA's general secretary Larry Broderick described the plan as totally unacceptable at a time when the bank is reporting expected profits of €1.3 billion.
The IBOA acknowledged the bank's commitment to full engage with the union in implementing the cost cutting plan and agreed to share details of the proposed job losses and branch closures.