Sunday 21 January 2018

AIB hiring specialists despite 2008 embargo on recruitment

Emmet Oliver and Laura Noonan

AIB is still recruiting new staff for specialist roles, despite introducing a recruitment embargo across the bank in 2008. The bank's staff, before recent disposals, topped 23,000 people.

Recruitment specialists said the bank had been recruiting staff in capital markets, corporate treasury, credit control and workouts.

But the bank declined to specify where staff are needed.

"Where we have vacancies, we look to fill roles internally. Where this is not possible, or the particular skillset we require is not available internally, we do seek to fill roles externally,'' said a spokesman for the bank.

Sources said the numbers involved were small, but the bank was not willing to comment. A breakdown on its Irish staff numbers will be included in its annual report, released early next year.

A major restructuring announcement may also be made early next year, although the Government will have final sign-off on any job cuts.

Job losses

Meanwhile, Bank of Ireland yesterday detailed plans to axe 750 roles from its UK divisions, marking the first firm details of a previously-announced project to cut 750 roles from across the group.

The bank is transferring business support activities out of Belfast and London into existing bases in Dublin and Bristol, with about 270 roles set to be eliminated.

A spokeswoman stressed that some staff would be given the opportunity of alternative work, but declined to say how many people this would extend to. The scheme is voluntary, she added.

Redundancy packages are to be set at six weeks per year of service, but the bank said it was "too early to say" what the restructuring costs would be since there were no final numbers around redundancies.

The bank is kicking off 90- day consultations with trade unions, which yesterday vowed to ensure there were redeployment opportunities for all workers who wished to remain with the bank.

BoI is not expected to announce details of the remaining 480 job cuts until early next year.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business