Allied Irish Said to Raise Job Cuts to 2,500 in Biggest Layoff
This article is for subscribers only.
Allied Irish Banks Plc is preparing to eliminate as many as 2,500 jobs, 25 percent more than signaled in April, two people with knowledge of the matter said, marking the biggest cuts program in Irish banking history.
The reductions by the nation’s largest state-controlled lender may be detailed as soon as this week, according to the people, who declined to be identified as the matter isn’t public. The increase in departures is in part linked to eliminating overlap in staff working at EBS Ltd, the people said. EBS merged with Dublin-based AIB in July.