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Written Answers - State Banking Sector

Tuesday, 27 March 2012

Dáil Éireann Debate
Vol. 760 No. 3

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 151.  Deputy Nicky McFadden Information on Nicky McFadden Zoom on Nicky McFadden  asked the Minister for Finance Information on Michael Noonan Zoom on Michael Noonan  the extent to which he can involve himself in negotiations with the IBOA and AIB senior management to deliver a fair and reasonable outcome in a matter (details supplied); and if he will make a statement on the matter. [16776/12]

Minister for Finance (Deputy Michael Noonan): Information on Michael Noonan Zoom on Michael Noonan The Deputy will be aware that AIB, as part of its announcement of 8th March 2012 of a voluntary severance programme, stated “as required under the bank’s partnership principles with IBOA, a consultation process will begin immediately with trade union representatives.” It went on to state that “AIB will not be making any further public comment until the consultation process with staff representatives is concluded.” Accordingly, the Deputy will appreciate that it would not be appropriate for me to comment directly on some of the issues raised by him in his question. It is deeply regrettable, for all concerned, that the proposed action of shedding some 2,500 jobs has had to be taken but it is an inevitable consequence of the necessary restructuring of the banking system to render it fit to better serve personal and business customers throughout the economy.

I have been at pains to point out, in any public pronouncements on the issue, that all parties involved in this most sensitive of issues for individuals need to be treated with utmost consideration and respect and this most certainly includes the State.

As for any group of workers whose positions are being made redundant, the services of the State will be available to assist them across a range of issues including employment support services, education and training interventions and income maintenance and money advice.

Any such supports will supplement the facilities being put in place by the employer. The exact nature of the supports will be determined by the particular circumstances.

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