AIB to cut 1,500 jobs and merge branches as it moves to save costs

Plans to close key branches in Cork's Patrick's Street and Eyre Square, Galway

AIB plans to close its branch on Patrick's Street in Cork, merging it with 66 South Mall. Picture: Dan Linehan

Allied Irish Banks said it plans to reduce its workforce by 1,500 by 2023 and merge a number of branches across the country.

"By 2023, the bank expects to employ 1,500 fewer people due to a combination of normal retirements, natural exits and voluntary severance," AIB said in a statement.