AIB expands voluntary redundancy plan for managers

Between 160 and 200 employees expected to leave bank by end of year

The new voluntary severance scheme mirrors similar programmes introduced by AIB in the last few years, almost all of which have been oversubscribed. Photograph: Aidan Crawley/Bloomberg

The new voluntary severance scheme mirrors similar programmes introduced by AIB in the last few years, almost all of which have been oversubscribed. Photograph: Aidan Crawley/Bloomberg

AIB is seeking further voluntary redundancies to bring the total number of employees expected to leave the bank to between 160 and 200 by the end of the year.

Employees of the bank, which recently staged a successful return to the main stock market in Dublin, were informed of a new voluntary severance scheme earlier this week.

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