Hibernian seeks to cut 180 jobs

HIBERNIAN Group, one of the country's largest and most successful financial organisations, is seeking to cut its 1,400 strong workforce by 180 over the next 18 months.

The shock decision, which is being conveyed to its substantial network of outlets nationwide, has been taken following a detailed cost review over the past number of months.

The company is hoping that as many as 100 of the 180 employees to be made redundant will opt to take early retirement with the remainder accepting a voluntary redundancy package. The outcome of the cost review was outlined to the AMICUS trade union yesterday and will be the subject of further detailed negotiations.