Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Advertisement

Report suggests 2,500 job cuts imminent at AIB

The bank declined to comment on this afternoon’s suggestions that it is preparing to slash 2,500 jobs – and not the 2,000 anticipated.

Image: Photocall Ireland

AIB HAD NO comment to make on a report that it is to raise the number of jobs it plans to slash from 2,000 to 2,500.

A spokesperson for the bank said it was not making any statement at this time.

Citing two people with knowledge of the matter, Bloomberg published an article suggesting that the bank is preparing for the biggest layoff in Irish banking history.

Details of the plan could be announced this week, writes Joe Brennan. About 2,000 jobs losses were expected but the extra 500 is undstood to be because of an overlap in staff due to the EBS merger.

The Department of Finance also told TheJournal.ie that it was not making any comment on the matter.

Read: AIB still paying millions for staff gym and golf club fees>

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

Read next:

COMMENTS (11)