AIB to begin redundancy process

AIB has accepted the recommendations made by the Labour Relations Commission and is set to start taking applications for early retirement tomorrow.

In an email sent to AIB staff, chief executive David Duffy said he understood that it was an emotional day for many staff members but that redundancies had to be achieved through early retirement to ensure the future of the bank.

“I fully appreciate that this is a very significant day in AIB’s history and an emotional one for many of you. Unfortunately, it is a step we have to take to return the bank to viability,” he said.