AIB has sprung surprise redundancies on its overseas staff
AIB's much mooted 2,500 redundancies are happening, but for staff located outside Ireland they seem to have come as a surprise.
The Telegraph reports that AIB is closing its offshore operations at AIB. Promisingly for staff in Ireland, it is apparently doing so in order to better concentrate on the Irish market.
Unfortunately, the Telegraph says the closure of AIB's operations in Jersey and the Isle of Man has come as a surprise to both its staff and customers. It follows a letter sent by AIB International's boss six months ago which stated that AIB planned to launch new products and would be, "seeking to continually enhance" customers' experience.
At best it suggests things can change quickly. At worst, it suggests reassurances from managers that all is fine are to be taken with pinches of salt.
Meanwhile, the Guardian reports that the Occupy movement stormed AIB's Dublin headquarters yesterday. They were protesting against the payment of a €1.5bn coupon payment to the bank's senior bondholders, paid out of government money.
