Ireland’s bailed-out lender Allied Irish Banks (AIB) is outsourcing 170 of its information technology jobs following a review of its IT operations.

The bank added that it will not axe any jobs in the area, and that all affected jobs will be transferred to Eircom, Integrity and Wipro as part of its plan to outsource some IT functions.

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AIB is carrying out the outsourcing project under the Project Orion scheme.

The terms and conditions of transferring staff to the new companies will be carried out in compliance with European Union law.

IBOA trade union head Larry Broderick said to Irish national radio that the IBOA would start talks with the Irish lender over the terms and conditions for transferring workers.

"It may very well be that the ask for some of these members may be difficult and voluntary redundancy may have to be considered," said Broderick.

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The Irish government bailed out AIB for EUR21bn ($24.87bn) during the height of the financial meltdown.