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More Job Losses At AIB

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More Job Losses At AIB

98FM
98FM

07:54 5 Mar 2014


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The Chief Executive of AIB says he expects more job losses at the bank this year.

David Duffy was speaking after AIB's end of year results for 2013 showed that losses were cut by more than half to 1.7 billion euro.

The figures show the bank is meeting its targets for mortgage restructuring and SME arrears.

Operating expenses were down by 278 million euro and staff costs were down by almost a fifth.

CEO David Duffy says AIB still needs to cut costs but he can't put a figure on how many jobs will be lost:


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