Central Bank plans to make 120-140 voluntary redundancies

RTÉ News · RTÉ News · 2026-11-04 12:15 UTC

The Central Bank has announced plans to make around 120 to 140 voluntary redundancies from its workforce as it seeks to reduce its overall pay costs.

The Central Bank has announced plans to make around 120 to 140 voluntary redundancies from its workforce as it seeks to reduce its overall pay costs.

In a financial strategy update, the Central Bank said it has introduced a multi-year programme targeting a €75m reduction in the trajectory of its projected expenditure up to 2030.

It said that most of the reduction in projected expenditure will be achieved through non-pay measures, including targeted IT investment, reductions in consultancy and contractor spend and other efficiency initiatives.

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