December 2, 2020
AIB decision to cut 1,500 jobs irresponsible in the teeth of Covid-19 pandemic – Pearse Doherty TD

Pearse DohertySinn Féin spokesperson on Finance Pearse Doherty TD has called on the management of AIB to postpone plans to cut 1,500 jobs by 2023, after the bank announced yesterday that it was moving forward with job cuts despite the Covid-19 pandemic.

Speaking this morning, Teachta Doherty said:

“Yesterday’s announcement by AIB to move ahead with 1,500 job cuts was ill-judged and premature in the teeth of this pandemic.

“In March, the bank postponed these plans because of Covid-19. We are still living with the virus, and its impact on jobs and livelihoods will be with us for some time.

“To move ahead with this job-cutting exercise amid record levels of unemployment is a mistake.

“At the same time as AIB plans to cut 1,500 jobs, it is reported that they are in talks to acquire Goodbody Stockbrokers for more than €100 million.

“This comes ten years after the bank sold Goodbody for a knockdown price of €24 million after being bailed out by the taxpayer at a cost of €20.8 billion.

“I am also aware that this announcement has been made without any meaningful engagement between bank management and the Financial Services Union.

“Failure to engage with union representatives when jobs are on the line is not an appropriate way to proceed, especially for a bank in which the State is a majority-shareholder.

“I have written to the CEO of AIB urging him to engage with the FSU at the earliest opportunity.”

Follow us online

Latest Tweets

The Government’s Hate Speech legislation must be scrapped!

Government failed to take on board any of Sinn Féin's concerns and amendments about the Bill as it proceeded through the Oireachtas.

It's clear the Bill is not fit for purpose and it must be scrapped. - @Donnchadhol

Government has had 4 years to tackle the issues within healthcare. Sinn Féin has published detailed plans to improve health services.

Tomorrow @davidcullinane will be launching his plan to make local health services better & more accessible for people, families and communities.

I was delighted to visit the Carntogher Community Association in South Derry as they marked their 30th anniversary.

The Association continues to transform the local community, empower and provide new opportunities for people of all ages, and ensure the local Gaeltacht continues…

"Simon Harris has sat at Cabinet Table for 8 years, please don’t try and sell us old wine in new bottles. What we have at best is a Leo lite."

The time is right for a General election. Fine Gael are out of time and out of touch. Call the election. @loreillysf

Load More