Bank of Ireland has refused to comment on reports that it was to cut up to 200 managers from the organisation as part of a major overhaul of the business by CEO Francesca McDonagh.
However the bank said it was seeking to simplify its organisation, with a voluntarily scheme available to staff wishing to leave.
The Irish Times today reported that the bank was looking to cut 15% of staff, from middle-management to executive level, in order to simplify its structure and reduce costs.
In a statement, the bank said that it does not comment on staffing matters but a "voluntary parting scheme" has been available to employees for some time.
"We have previously stated that one of our key strategic priorities is transforming the bank, which involves simplifying and streamlining the organisation for the long term sustainability and competiveness of our business," the bank said.
Ms McDonagh became CEO at Bank of Ireland late last year and the firm has seen a number of changes at executive level since then.
Last month chairman Archie G Kane announced he would step down from the role before the end of this year.
Earlier this month the bank said its Chief Operating Officer Lewis Love had decided to leave the bank to pursue other opportunities, while CEO of Corporate and Treasury Michael Torpey and Chief Governance and Regulatory Officer Peter Morris are both due to retire in the summer.
At the same time Group Chief Information Officer Gavin Kelly was named as the new CEO of Bank of Ireland's Irish retail business, while Treasurer Sean Crowe would take on a new role as CEO of Markets and Treasury.
In a note, Investec said they expect to hear much more about the bank's plans on both cost cutting and technology implementation at their Capital Markets' Day in June.
