Job fears as AIB sells off assets

Job fears as AIB sells off assets

The union representing bank workers is today urging AIB to stop selling off its foreign assets.

The Irish Bank Officials Association says the policy is threatening the jobs of thousands of staff here who support the bank's operations abroad.

It follows AIB's sale of its 70% stake in Poland's Bank Zachnodi for €3.1bn.

General secretary of the IBOA Larry Broderick claimed that the move could prompt a host of sales of AIB's interests in the USA and Britain "which would have serious implications for the remaining jobs in the Republic of Ireland".

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