Bank Job Disaster

Over the past three-and-a-half years, and including today’s
announcement of 2,500 lay-offs at AIB, there have been more than
10,000 redundancies announced across the financial sector.

Others include:

:: more than 3,000 staff at AIB and Bank of Ireland, who were let go
from temporary contracts or who retired or resigned but were not
replaced.

:: 1,000 job losses at Ulster Bank in 2009, along with a further 950
announced earlier this year in January.

:: 750 redundancies at Bank of Scotland (Ireland) when it closed its
Halifax branch network in the Irish Republic in 2010.

:: 150 from National Irish Bank the same year.

:: between 600 and 700 jobs gone from Anglo Irish Bank, Irish
Nationwide and permanent TSB.

:: Some 320 jobs already gone from an agreed 750 lay-offs at Bank of Ireland.

The eventual winding up of the former Anglo Irish Bank, the Irish
Banking Resolution Corporation (IRBC), is expected to shed around
another 1,000 staff currently on its books. Latest estimates suggest
it could be shut down completely in as a little as five years time.

There were further job losses with the closure of smaller operations,
such as PostBank – a partnership between An Post and French bank BNP
Paribas – two years ago.