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.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
200 jobs Number of planned job losses
Announcement Date
29 January 2013
Employment effect (start)
Foreseen end date
30 September 2014
Description
The EBS Building Society, a subsidiary of the Allied Irish Banks, plans to reduce its 600 strong workforce by 200 as it franchises out the last of its branches. The job cuts are to be implemented on a voluntary basis and will concern both the company’s head office and branch network.
EBS building society presently has 82 offices in the Republic, comprised of 14 branches and 68 tied agents or franchises. It is understood that EBS wants to transfer responsibility for these 14 branches to tied agents.
Sources
30 January 2013: The Irish Times
Citation
Eurofound (2013), EBS, Outsourcing in Ireland, factsheet number 74953, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74953.
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