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.