(Bloomberg) — AIB Group Plc is shedding about 300 jobs, moving to cut costs as it struggles with a “challenging” interest rate environment.The bank plans to end 2019 with fewer than 9,500 staff, it said in a trading statement on Tuesday in Dublin. At the end of June, about 9,830 people worked at the bank. AIB Chief Executive Officer Colin Hunt’s plans include removing layers on management, it said.The bank was planning a new round of job cuts, Bloomberg News reported in September. Irish banks have been hit by a range of forces, from the ECB’s “lower for longer” interest …read more
Source:: Yahoo Finance
