Michael McGrath (Cork South Central, Fianna Fail)
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272. To ask the Minister for Finance if his attention has been drawn to the fact that a State supported bank is planning to outsource a number of functions (details supplied); the number of employees who will be affected; the plans the bank has for the future provision of those services; the way the terms and conditions of those employees will be protected; and if he will make a statement on the matter. [40989/14]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware under the Relationship Frameworks the State does not intervene in the day to day operations of the banks or their management decisions regarding commercial matters.

In the case of AIB, the bank has previously indicated that as part of its restructuring plan to reduce costs and increase efficiencies, outsourcing of certain functions would be considered in consultation with unions and affected staff. I have also 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 TUPE regulations.