Bank of Ireland is set to shut down eight branches across its network in Northern Ireland, which could lead to loss of over 50 jobs in the region.
Branches affected by the move include Castlereagh, Draperstown, Antrim, Belleek, Castlederg, Newtownards, Maghera and Donegall Square South in Belfast. The bank will still comprise 28 branches across the northern Ireland region.
Bank of Ireland UK regional director Sean Sheehan said: “We are responding to the continuing shift in customer behaviour towards increased use of digital and online channels, and the changes announced today will put us in the best position to continue to support our customers’ changing needs and grow our business in the future.”
The closures will be done on a phased basis starting at the end of 2016.
Employees at the affected branches will be offered the opportunity to move elsewhere in the business, or apply for voluntary redundancy.
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By GlobalData