Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Irish retail bank AIB is to cut 150 jobs over the next three years.
The Bank has been in consultation with the Financial Services Union (FSU) regarding the voluntary redundancies.
The redundancies will mainly be in the Bank’s Financial Solutions Group that looks after problem loans. This division was set up during the financial crisis and had 1,500 employees at its peak. There are currently 300 employees working in that part of the Bank today.
AIB employs just over 10,000 employees in Ireland and the workforce will be reduced to about 9,875 after these redundancies.
Eurofound (2024), AIB, Internal restructuring in Ireland, factsheet number 201395, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201395.
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