AIB in deal on labour relations

AIB has struck a deal with its main union to improve staff relations and develop a partnership approach to problem-solving.

The bank said yesterday it would work more closely with the Irish Bank Officials’ Association (IBOA) and end the confrontational approach that was considered standard industrial relations practice in the past.

AIB chief executive Eugene Sheehy said there were “clear benefits” for both the bank and the union in working together and that the new process would improve an already successful model.