IBOA says merger would cause major job losses
Unions in the Bank of Ireland and Allied Irish Bank have warned of heavy job losses if a rumours of a planned merger between the two financial institutions prove true.
The Irish Bank Officials Association said the rumoured merger is unlikely to materialise, but it said thousands of workers would be laid off if the plan did go ahead.
Spokesman Larry Broderick said 100 branches would have to close and 5,000 jobs could potentially be lost. He also said any merger between the Bank of Ireland and AIB would be anti-customer and anti-competitive.
