AIB to outsource 170 IT roles after review

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(Image: AIB)

13 January 2015

AIB is to outsource 170 technology related jobs following a review of its IT operations.

The state-owned Irish bank will not make any redundancies, but confirmed that it is in talks to outsource certain IT services to existing suppliers such as Eircom, Integrity Solutions and Wipro.

The decision follows the conclusion of a review of operations started at the bank in October, though the number of roles being outsourced was lower than expected, with earlier media reports that the figure would be closer to 450.

IT staff will be transferred to the third party companies, including Wipro, in accordance to European Union law, the bank said.

The news comes as the Department of Finance prepares to sell off the bank, following a €21 billion bailout during the financial crisis. Minister for Finance Michael Noonan TD, when asked about the arrangements, said that the government had no input in the staffing decision.

AIB, which recently returned to profit, has already cut thousands of staff, down from a pre-crisis headcount of around 26,000, including part time staff, to approximately 11,385 full-time employees in June last year.

In its full-year results announcement last March, the bank said that it has increases spending on IT in recent years to improve its legacy systems, with investments in customer-facing services such as mobile and tablet apps.

 

 

Matthew Finnegan, IDG News Service

 

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