21/10/2013

State-Owned AIB Could Outsource Up To 1,000 Jobs

Plans to outsource up to 1,000 jobs at State-owned bank, AIB, are being considered, with the possibility that some could be moved abroad, the Irish Independent has reported.

According to reports, AIB has confirmed it is considering outsourcing the jobs in an effort to "reduce costs and increase efficiencies".

However, critics have said that the government should examine the proposal of out-sourcing jobs at a state-owned bank.

It is understood that under outsourcing arrangements, while the banks would continue to provide some customer services, some or all of the work could be done by third-party contractors, which could ultimately mean the work could go anywhere, including lower cost operators abroad.

According to the Irish Independent, the proposed plans are still at an early stage and will be reviewed.

(MH/JP)

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