Financial Services Union Requests Meeting with Finance Minister Over Potential AIB Share Sale

Issued : 22 December 2016

AIB Bank


General Secretary of the Financial Services Union, Larry Broderick, has written to Minister for Finance, Michael Noonan, TD, requesting a meeting in relation to the disposal of part of the State’s shareholding in AIB.

The move follows the Minister’s announcement that ‘Global Co-Ordinators’ have been appointed by his Department to assist in a potential future share disposal in AIB.

“Our members in AIB Group have made a major contribution to turn around in the Bank’s fortunes in recent years.  Members have accepted major changes in their pay packets and their working lives and this is in no small part responsible for the fact that the Government can now consider selling part of its shareholding,” stated Mr. Broderick.

“FSU members in AIB Group have faced the enormous challenges of recent years in a professional and constructive manner.  Following the announcement on Friday 16th December of the appointment of ‘Global Co-Ordinators’ to assist in a potential share disposal I have written to the Minister requesting a meeting.  Any process that involves a change in ownership is a concern for staff and it is imperative that their voice is heard at the outset of a process that may result in a sell off of part of the State’s shareholding in the Bank.”