Thursday November 26, 2020

AIB writes off €10m in Irish Examiner sale as 200 jobs on the line

Some of the job losses will arise from shared resources in departments including commercial, distribution, human resources and IT

10th December, 2017
2
Photo: RollingNews.ie

AIB wrote off debt in excess of €10 million to facilitate the sale of the Irish Examiner and other media assets to the Irish Times.

Between 200 and 300 jobs are expected to go between the two companies through both redundancies and asset disposals. The two companies employ nearly 900 people. Some of the job losses will arise from shared resources in departments including commercial, distribution, human resources and IT.

It is also expected that a number of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 6 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 11 months ago