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Friday, January 22, 2021

AIB to cut 1,500 jobs as branches set to merge

AIB has announced plans to reduce its workforce by 1,500 by 2023.

The bank said it aims to achieve over 10% reduction in costs by 2023.

In a statement today, the bank said it expects to employ 1,500 fewer people within the next three years “due to a combination of normal retirements, natural exits and voluntary severance”.

“The bank is confirming that in early 2021 it is to re-open its voluntary severance programme which was paused in March 2020,” it confirmed.

AIB also confirmed plans to merge a number of branches in Dublin, Cork and Galway in the first half of next year.

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