AIB to offer redundancy to debt division staff

Employees of AIB’s distressed debt management division are to be offered voluntary redundancy, in the latest cost-cutting drive by the bank.

AIB’s Financial Solutions Group employs about 1,500 across the country, and the severance package is open to all staff to apply from tomorrow, The Sunday Business Post has learned. However, there is no immediate threat to the entire division.

The staff will be offered the same terms and conditions as in previous ...