AIB to cut 150 group staff

AIB is to let up to 150 long-serving staff go as part of a voluntary redundancy scheme across its retail and business network.

It is understood that the scheme which is in “local markets” — the branch and business banking network — will only be applicable to staff who have more than 15 years’ service.

The bank has had voluntary redundancy drives at various times in recent years but there has not been one in local markets since 2013.