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Bank of Ireland announces new family friendly policies for staff

The measures include leave entitlements for foster care, early pregnancy loss, fertility treatment and surrogacy
The measures include leave entitlements for foster care, early pregnancy loss, fertility treatment and surrogacy

Bank of Ireland has announced new family friendly policies for staff.

The measures include leave entitlements for foster care, early pregnancy loss, fertility treatment and surrogacy.

The initiative also includes enhanced leave for parents and partners as well as extended breastfeeding breaks.

The measures are applicable to the bank's 9,000 staff based in Ireland, UK, EU and US, in line with local legislation.

Bank of Ireland said staff can avail of the benefits from the first day of employment.

"As one of the largest employers in Ireland, we want to build a progressive workplace and contribute to a progressive society," said Myles O'Grady, Group CEO, Bank of Ireland.

"This is also important for our business which competes hard to attract and retain the talent we need to serve our customers, support growing businesses, and also grow as a company," Mr O'Grady said.

The Financial Services Union (FSU) has welcomed an agreement reached with Bank of Ireland to introduce seven weeks fully paid parent's leave for all staff.

"Seven weeks fully paid parent’s leave will make a big difference to new parents, and it means they can spend more time at home with their young children without worrying about their earnings being impacted," said Caitleen Desetti, Industrial Relations Organiser with the FSU.