Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I thank the Deputy for her question. As she will be aware, under the relationship framework the State does not intervene in the day-to-day operations of the banks in which it holds investments or their management decisions regarding commercial matters. Hence, any discussion around matters such as outsourcing is a matter for the bank, the relevant staff and their union representatives. Notwithstanding this position, my officials take an active interest in how the bank's cost base evolves to ensure that the State's interests as shareholder are protected and the Government's remuneration policy is enforced.

The bank has previously indicated that, as part of its restructuring plan to reduce costs and increase efficiencies, the outsourcing of certain functions would be considered in consultation with unions and affected staff. I have been informed by the bank that there have been no compulsory redundancies as a result of its recent outsourcing activities. Any staff who transfer under outsourcing arrangements transfer under the Transfer of Undertakings (Protection of Employment), TUPE, Regulations.

I have been informed that AIB has not at this stage confirmed any agreement to outsource some of its technology services in ADM teams to a third party provider. Should such a decision be confirmed, affected staff will be informed immediately and AIB will enter into a full process of information and consultation with employee representatives, as required by law and under engagement principles agreed with the Irish Bank Officials Association, IBOA.

See this speech in context