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Union talks as fears grow that 2,500 AIB jobs will be cut


UNION leaders are meeting senior management from AIB this morning amid fears hundreds of staff could be axed.

Representatives from the Department of Finance will also meet members of the Irish Bank Officials' Association, led by general secretary Larry Broderick.

Mr Broderick said he wants clarification about the bailed-out bank's intention to restructure its operations.

"The union requested the meetings amid mounting speculation about an imminent announcement on significant job losses in AIB Group," he said.

Mr Broderick said the bank has yet to provide the union with any details of any possible restructuring proposals.

It is speculated as many as 2,500 workers could leave the bank - 500 more than initially signalled after some overlaps of duties following the AIB and EBS merger last summer.

However it is understood Government is determined redundancy should not exceed the recent HSE plan, which was three weeks' pay for every year of service, plus two weeks' statutory redundancy.