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AIB To Cut 1,500 Jobs Over Next Three Years

AIB is to cut 1,500 jobs by the end of 2022. It's after the bank published its profits for last year...
Niall Colbert
Niall Colbert

11:45 AM - 6 Mar 2020



AIB To Cut 1,500 Jobs Over Nex...

News

AIB To Cut 1,500 Jobs Over Next Three Years

Niall Colbert
Niall Colbert

11:45 AM - 6 Mar 2020



AIB is to cut 1,500 jobs by the end of 2022.

It's after the bank published its profits for last year, which are down by 60%.

The drop in profits has been mainly put down to the tracker mortgage scandal.

AIB's Chief Executive Colin Hunt insists they've no intention of closing branches but says the job cuts are necessary:

Mr. Hunt says the bank is focused on is ensuring they have a simplified, streamlined and strengthened organisation that will deliver for customers and shareholders.



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