Jerry Buttimer (Cork South Central, Fine Gael)
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Question 95: To ask the Minister for Finance the date on which the chairman of AIB plans to start the process of voluntary redundancies for the 2,000 staff in view of the recent announcement by the AIB group. [8513/11]

Michael Noonan (Limerick City, Fine Gael)
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Detailed discussions on all aspects of these proposals – e.g. voluntary, compulsory, terms and conditions, duration, level, etc – will have to be undertaken with all relevant parties. The Government will treat all stakeholders, including the taxpayer, with respect and consideration in these discussions. However it is not possible to be precise on the details or timing at this stage. The initial thrust of any reduction in numbers, which is an inevitable consequence of the downsizing of the banks, will be, as always, to seek voluntary redundancies. The wider impact on other covered institutions, which have to embark on similar plans, will also need to be considered.