THE news that 2,000 AIB staff are to lose their jobs is a very disturbing development. Although big cuts in staff were broadly expected, the implementation of such a massive cull still has the power to shock.
Banks were the symbol of security to generations and a job in the bank was viewed as a prize. But large numbers of AIB employees losing their jobs may find it difficult to secure other employment in the current economic climate.
The draconian cuts will have implications for customers too as many people may not be able to depend on their local branch remaining open for business. Some customers will have to travel further to a branch. More people will be pressured to use the 'faceless' internet banking system. There will be less choice in the marketplace.
Now, ordinary bank workers will pay for the blunders of their superiors with their livelihoods.