NIB sale may lead to hundreds of job cuts

THE Irish Bank Officials Association (IBOA) has written to various banks concerned that hundreds of jobs may be under threat if they buy National Irish Bank (NIB).

IBOA was spurred into action following reports that National Australia Bank (NAB) is to sell National Irish Bank in the Irish Republic and Northern Bank.

Up to 3,000 jobs are involved with 2,000 in the North and 900 approximately in the South.