EMCC European Monitoring Centre on Change



Geographic Location

Country: United Kingdom
Location of affected unit(s): Jersey, Isle of Man


Sector: Financial services
Financial and insurance activities
64.19 - Other monetary intermediation

Employment Effects

Announcement Date: 06-04-2012
Planned Job Reductions min: 170
Planned Job Reductions max: 170
Type of Restructuring: Closure
Employment Effect Start: 06-04-2012

Additional Information

Irish bank AIB has announced that it will cease operations in Jersey and the Isle of Man resulting in the loss of 170 jobs. The move is part of a wider restructuring plan aimed at making the company more 'domestically-focused'. The company announced it would enter a 30-day consultation period in order to agree on a package for the affected staff.

The bank has been operating in Jersey and the Isle of Man for over 30 years.