Allied Irish Bank Group
IBOA seeks assurances for staff as AIB switches from Aviva
Issued : 9 January 2012
IBOA General Secretary, Larry Broderick, is seeking early talks with management in AIB following the Bank's announcement that it intends to cease its arrangement with Aviva over the sale of life and pension products.
“While we are aware of the speculation that Irish Life and Permanent may replace Aviva as the provider of these products, it is important that staff in AIB are reassured that the change in these arrangements will have no negative consequences for them - in terms of their jobs or terms and conditions of employment."
"With the threat of over 2,000 redundancies hanging over AIB staff since last April, they are understandably concerned about the potential impact of any announcements about changes in the Bank's business relationships. As for the Bank's major restructuring plan, we are still waiting for detailed and meaningful engagement with the Bank's senior management a full nine months after the Executive Chairman's original announcement.
"We hope," Mr. Broderick added, "that the recent appointment of a new Chief Executive, Mr. David Duffy, will facilitate such engagement - which would also be greatly assisted by a recognition by the Department of Finance that attempts to micro-manage the day-to-day operations of major financial institutions have more negative than positive consequences and ultimately worki against the public interest."
