The IMF has warned that the swingeing staff cuts flagged by the three main Irish banks will be insufficient and that further redundancies are necessary.
The fund has notified the government that further restructuring is necessary at AIB, Bank of Ireland and Permanent TSB, and that a more radical redundancy programme is required.
The three banks have announced plans to cut their workforces by 20 per cent by the end of 2015, bringing the average...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team