AIB to cull 1,500 more jobs as €150m extra in cost cuts sought - News Summed Up

AIB to cull 1,500 more jobs as €150m extra in cost cuts sought


The original plan included cutting 1,500 jobs over three years, against the backdrop of rising salaries and other running costs. JobsWhile AIB pressed the pause button on the jobs-reduction front at the outset of the coronavirus pandemic in mid-March, it will relaunch its voluntary severance programme early next year, it said. The bank is also exiting three of its six Dublin head office locations and merging three urban bank branches. In Dublin, AIB’s Westmoreland Street operations will move to its Dame Street branch; the Crumlin Cross branch to Crumlin Road and 52 Baggot Street to 1-4 Baggot Street. Eyre Square will move to Lynch’s Castle in Galway; and Patrick Street branch to 66, South Mall, Cork.


Source: The Irish Times December 02, 2020 07:41 UTC



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