Ireland’s Goodbody Said to Plan Elimination of 20% of Employees

Goodbody Stockbrokers may cut almost 20 percent of its employees after Allied Irish Banks Plc completed the sale of the stockbroker last week, two people with knowledge of the talks said.

The firm, which employs about 270, told employees that it will cut an initial 25 jobs in its institutional equities, private clients and corporate finance units following the completion of the purchase, said the people, who declined to comment because the job losses haven’t been made public. Goodbody may cut a further 20 to 25 jobs, the people said.