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)

Related Irish News Stories
Click here for the latest headlines.

13 January 2015
AIB To Outsource 170 Jobs
AIB has said it plans to outsource 170 IT jobs in Dublin. According to reports, the jobs will be to three different companies. The positions are understood to be going to Eircom, Integrity and Wipro. A process of consultation between the bank and its employees will now commence, but it is thought no staff will be made redundant as part of the move.
27 June 2014
Job Protection Must Be Priority In SME Sector - FG
Protecting jobs must be the priority when dealing with the large level of debt within the SME sector, Fine Gael has said.
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.
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.
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.