AIB plans for future required before staff vote on redundancy

AIB employees will not be asked to ballot on new redundancy package proposals until the bank provides a business plan that details its restructuring.

19th May, 2012

AIB employees will not be asked to ballot on new redundancy package proposals until the bank provides a business plan that details its restructuring, according to the Irish Bank Officials Association (IBOA).

Last Friday, the Labour Relations Commission (LRC) issued its recommendations on severance programmes for the 2,500 staff from which the bank is seeking voluntary redundancies. The recommendations included redundancy payments of four weeks per year of service, or three weeks per year of...

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