Ireland -Cutting of Allied Irish Banks workforce by 2,500 -March 8, 2012

Allied Irish Banks announced that it is cutting its workforce by 19%, foreseeing 2500 jobs losses, half of which are planned before the end of the year. The Irish Bank Officials Association (IBOA) announced it will fight any compulsory redundancies and has started negotiating the redundancy package. The Irish parliament and government have confirmed they are watching the developments closely and have promised support for affected workers.

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