IBOA threatens strike action because of NIB job losses

The Irish Bank Officials Association has said it cannot rule out industrial action if compulsory redundancies are enforced at National Irish Bank.

NIB’s parent company, the National Australia Group, has announced plans to lay off 500 workers in four of its European subsidiaries, including NIB and Northern Bank.

This move has angered the IBOA, which accused the NAG of making staff pay for Aus$4bn (€2.4bn) losses incurred in a US subsidiary last year.

The IBOA has called on the NAG’s chief executive to resign after accusing him of sacrificing workers to recoup the losses.