Irish Nationwide Building Society has ruled out compulsory redundancies in any future cost-cutting plans.
The society, which came under state control earlier this year on foot of a €2.6 billion government bailout, told staff last week that it was committed to the principle of no compulsory job losses.
The move came after talks with finance union IBOA, which sought a commitment from the society’s newly installed management team and chief executive Gerry McGinn.
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