These are the redundancy packages at Ulster Bank; these are the redundancy packages at Bank of Ireland. No one knows what's happening at AIB, still

Back in April, we said it was crunch time for redundant staff at AIB, who would apparently be receiving full results of their redundancy packages imminently. It seems we were wrong: the IBOA union is still waiting to here AIB's final terms, several weeks later.

In the meantime, however, there have been announcements on redundancy terms from Ulster Bank and Bank of Ireland.

Ulster Bank, which is making 950 redundancies, has agreed enhanced severance terms of four weeks' pay per year of service, plus additional relocation provisions, plus training grants for departing staff, plus early retirement plans for staff who are leaving and aged 55 and over.

Bank of Ireland, which announced 750 job cuts two years ago and another 600 today,  has cut its redundancy terms. In 2010, it was offering six weeks' pay per year of service, plus the statutory entitlement of two weeks' pay. Now it's offering only three weeks' pay per year of service, plus two weeks' statutory entitlement. In other words, its redundancy package has halved. To help mitigate the pain, Bank of Ireland is offering at least €10k to staff with more than two years' experience and an early retirement scheme for people between 55 and 60.

News on AIB's final package is expected soon. Don't hold your breath.