Menu
08/03/2012
IBOA Says AIB Job Cuts Will Have A Devastating Impact On Employees
IBOA, The Finance Union, has declared that the 2,500 job cuts proposed by AIB senior management for AIB Group is likely to have a devastating impact on First Trust Bank employees and their families.
"Although we have been expecting an announcement on the Bank's restructuring plan for some time, the scale of the proposed job losses means that ordinary bank staff are being asked to suffer the consequences of the mismanagement of the Bank's affairs to a disproportionate extent," said IBOA General Secretary, Larry Broderick.
"IBOA has argued that First Trust Bank has a very important role in the economy of Northern Ireland and that everything must be done to maintain the integrity of the branch network, to keep in place the support functions in Belfast and also to ensure that the customers in Northern Ireland and Great Britain have continued service from AIB Group.
"The Union hopes that, as part of the negotiations on the restructuring programme, we can achieve these objectives in the interests of staff, customers and the First Trust brand in Northern Ireland.
"IBOA acknowledges the commitment by AIB management to enter into negotiations with the Union on its restructuring plan and we hope that the Bank will approach this engagement in a bid to reach a balanced accommodation which takes account of all of the Bank's stakeholders - including staff and customers as well as the State and other shareholders."
The IBOA expect to enter formal negotiations next week.
In its meeting with officials from the Republic's Department of Finance, IBOA outlined the key issues for the negotiations. The Union also highlighted the need for a comprehensive jobs strategy for the financial services sector as today's announcement from AIB comes on top of Ulster Bank's demand in January for a further 950 job cuts - as well as 6,000 job reductions that have already taken place in Irish banking since the autumn of 2008.
(CD)
"Although we have been expecting an announcement on the Bank's restructuring plan for some time, the scale of the proposed job losses means that ordinary bank staff are being asked to suffer the consequences of the mismanagement of the Bank's affairs to a disproportionate extent," said IBOA General Secretary, Larry Broderick.
"IBOA has argued that First Trust Bank has a very important role in the economy of Northern Ireland and that everything must be done to maintain the integrity of the branch network, to keep in place the support functions in Belfast and also to ensure that the customers in Northern Ireland and Great Britain have continued service from AIB Group.
"The Union hopes that, as part of the negotiations on the restructuring programme, we can achieve these objectives in the interests of staff, customers and the First Trust brand in Northern Ireland.
"IBOA acknowledges the commitment by AIB management to enter into negotiations with the Union on its restructuring plan and we hope that the Bank will approach this engagement in a bid to reach a balanced accommodation which takes account of all of the Bank's stakeholders - including staff and customers as well as the State and other shareholders."
The IBOA expect to enter formal negotiations next week.
In its meeting with officials from the Republic's Department of Finance, IBOA outlined the key issues for the negotiations. The Union also highlighted the need for a comprehensive jobs strategy for the financial services sector as today's announcement from AIB comes on top of Ulster Bank's demand in January for a further 950 job cuts - as well as 6,000 job reductions that have already taken place in Irish banking since the autumn of 2008.
(CD)
Related Irish News Stories
Click here for the latest headlines.
10 May 2012
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
31 October 2013
Danske Bank To Cut 150 Jobs
Danske Bank Ireland has announced it is to cut 150 jobs as a result of a restructuring of its banking operations in Ireland. The bank, formerly known as National Irish Bank, is to withdraw from the personal banking market to focus on its corporate operations. It is understood that the job losses will be compulsory.
Danske Bank To Cut 150 Jobs
Danske Bank Ireland has announced it is to cut 150 jobs as a result of a restructuring of its banking operations in Ireland. The bank, formerly known as National Irish Bank, is to withdraw from the personal banking market to focus on its corporate operations. It is understood that the job losses will be compulsory.
16 January 2009
Fine Gael Call For Interest Rate To Be Passed On
A Fine Gael's Enterprise spokesman has called on the Government to ensure the recent interest rate cuts are passed on to the Irish public. TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
Fine Gael Call For Interest Rate To Be Passed On
A Fine Gael's Enterprise spokesman has called on the Government to ensure the recent interest rate cuts are passed on to the Irish public. TD Leo Varadaker said all banks must follow the lead set by AIB, Bank of Ireland, Halifax and Ulster Bank by passing on the rate cut in full.
28 June 2012
IBOA Members In AIB Staff Reject Bank's Latest Cuts Plan
Members of IBOA, the Finance Union, working in AIB have rejected the recent announcement by the Bank’-'s Chief Executive, David Duffy of plans to change pay, pensions and other benefits for the staff who will remain in the institution.
IBOA Members In AIB Staff Reject Bank's Latest Cuts Plan
Members of IBOA, the Finance Union, working in AIB have rejected the recent announcement by the Bank’-'s Chief Executive, David Duffy of plans to change pay, pensions and other benefits for the staff who will remain in the institution.
10 September 2009
No Coalition With FF Say Labour
Labour leader Eamon Gilmore has rubbished speculation that Labour might enter into power with Fianna Fáil after the next election. Mr Gilmore denied any deal would be cut with the governing party after the election while speaking at the annual think-in meeting of the party in Waterford.
No Coalition With FF Say Labour
Labour leader Eamon Gilmore has rubbished speculation that Labour might enter into power with Fianna Fáil after the next election. Mr Gilmore denied any deal would be cut with the governing party after the election while speaking at the annual think-in meeting of the party in Waterford.
-
Ireland WeatherThis Evening and Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Light winds. Minimum temperature 0 °C.
