Eleven new remote working hubs have been opened as part of Bank of Ireland's new hybrid working model.

The 11 new hubs are in in Balbriggan, Ballycoolin, Dundalk, Gorey, Mullingar, Naas, Newbridge, Newlands Cross, Northern Cross, Santry and Swords.

Three additional hubs are also being developed by the bank in Cork, Galway and Limerick and will open later this year.

Depending on their role, most Bank of Ireland colleagues can now work from a combination of home and central office locations, as well as the network of 14 remote working hubs.

The hubs provide an alternative to central office locations, enhancing choice and work-life balance by reducing commuting time and costs.

A recent survey showed that 65% of Bank of Ireland workers feel the enhanced flexibility is providing more time to spend with family.

54% of Bank of Ireland workers also said they have saved money due to the hybrid working model, while 26% feel they have more flexibility as to where they can live.

According to the survey, less time spent commuting was another main benefit of the Bank's new hybrid working policy with 29% of staff reducing their daily commute time by over two hours when working from home or a hub.

Bank of Ireland group chief executive Francesca McDonagh said the new hubs are one of the more visible signs of that transformation underway at the bank.

"Our new hybrid working model is a real break with the old way of doing things in terms of how and where we work," the Bank of Ireland CEO said.

"The opening of three new hubs in major regional centres means more opportunities to attract talent from locations around Ireland," she said.

"For our colleagues, the hybrid model offers enhanced flexibility and choice, blending home and office working with less time and money spent on commuting and a better work-life balance," she added.

Leo Varadkar in Ballycoolin today

Launching one of the new hubs at Ballycoolin in North Dublin, Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar said that Covid changed how we work and live, with hundreds of thousands of Irish people doing their regular jobs from home.

"There are huge benefits to remote and hybrid working, with less commuting, lower costs, stronger families and communities, and more time for family and leisure," Mr Varadkar said.

"We want this flexibility to continue, and the Government is legislating to give employees the right to request flexible and remote working. Many employers went to great lengths during the pandemic to give their employees as much flexibility around where they work as possible," he said.

"Done well, remote and hybrid working is a win-win for companies and their employees and I'm delighted to see Bank of Ireland at the forefront of rethinking the traditional office model in this way," he added.