Paul Murphy (Dublin South West, Socialist Party)
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144. To ask the Minister for Finance in view of the recently announced loss of 1,500 jobs in AIB's Financial Solutions Group and the answers provided to the Joint Oireachtas Committee on Finance, Public Expenditure and Reform where the bank stated that outsourcing is key to reducing its cost base, his views regarding the erosion of job security and working conditions in the banking sector; and if he will make a statement on the matter. [17586/15]

Michael Noonan (Limerick City, Fine Gael)
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I have been informed that AIB has not announced 1,500 job losses in its Financial Solutions Group (FSG) nor has it announced any outsourcing of work being done in FSG.

AIB has recently opened up applications for participation in a voluntary severance scheme in FSG for those staff who have expressed an interest. However, FSG will continue to ensure it has sufficient skilled resources to help restructure and resolve the debt of customers in financial difficulty, which is a key priority for the bank.

AIB manages outsourcing within its commercial business requirements and enters into arrangements with service providers to deliver a range of services not conducted by the bank. Outsourcing is part of AIB's overall strategy to reduce costs and focus on core banking functions. Outsourcing to date has been conducted in full consultation with the relevant unions and has not involved compulsory redundancies.