Ireland’s bailed-out Allied Irish Banks (AIB) is outsourcing 200 support roles, including bank porter jobs, to Noonan Group, in an effort to cut costs, reports Independent.ie.
The bank’s standard redundancy deal includes three weeks’ pay per year of service with two weeks’ statutory pay capped at 600 weekly.
Apart from this, the deal also includes additional re-training grants.
Addressing the issue, an AIB spokesperson said, "Outsourcing has been a necessary part of AIB’s overall strategy to reduce costs. AIB does not disclose details of any individual or collective contracts on commercial confidentiality grounds.”
With a workforce of over 13,500, Ireland’s outsourced services provider Noonan Group offers cleaning, maintenance and other services in Ireland and Britain.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData