Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.19 - Other monetary intermediation

500 jobs
Number of planned job losses
Job loss
Announcement Date
8 March 2012
Employment effect (start)
Foreseen end date
31 December 2012


In March 2012, Allied Irish Bank (AIB) increased the number of redundancies it is seeking as part of a restructuring plan from 2000 to 2500.

Allied Irish Bank had originally announced 2,000 redundancies in 2011 after incurring substantial losses. In its original 2011 statement, the bank - which is 93 per cent Government-owned - said costs must be lowered as business and market conditions remain challenging and the environment for operating income generation "remains difficult". It is expected that a reduction of over 2,000 staff will take place on a phased basis over 2011 and 2012, the bank said. AIB executive chairman David Hodgkinson said the losses were largely due to poor quality loans where the bank did not expect repayment.


  • 9 March 2012: The Irish Times


Eurofound (2012), Allied Irish Bank (AIB), Internal restructuring in Ireland, factsheet number 73414, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73414.