job losses

  • One and a half thousand jobs are to go at AIB over the next three years.

    It's after the bank published its profits for last year, which are down by 60 per cent - mainly because of the tracker mortgage scandal.

    AIB CEO Colin Hunt insists they've no intention of closing branches, but says the job cuts are necessary....

  • GSK is to close its manufacturing plant in Sligo by 2021,with the loss of 165 positions.

    Staff have been informed that the skincare manufacturing plant in Sligo is to be phased out over the next three years, and will close by the end of 2021.

    Just over two years ago, the company created 50 jobs at the Sligo plant, but says demand for products made at this facility has not grown in line with previous expectations, due to the highly-competitive market.

    GSK has been in Sligo for the past 43 years, and its plant is a dedicated supply site for the company's Stiefel skincare products.

    In a statement to Midwest News, GSK said a number of alternatives for the Sligo plant had been evaluated but, none of them were considered feasible without significant further investment.

    The statement says the company's immediate priority is to support their employees through this difficult period.

    GSK's other operations in Ireland (manufacturing sites in Cork and Dungarvan, and commercial operations in Dublin) are not affected by this proposal.
     

     

     

  • Bank of Ireland is to cut 1,400 jobs in the coming years.

    The bank says it has launched a voluntary redundancy programme across the group this morning.

    It says in the medium term, it expects to reduce its staff numbers from 10,400 to less than 9,000.

    It's not yet known how the job losses will impact on this region.

    The Bank of Ireland lost 669 million before tax in the first half of this year, partly due to Covid.

  • A new report estimates that over 10,000 jobs in the drinks and hospitality industry in the West of Ireland could be lost by the end of this year- without additional supports from Government.

    The report by DCU Business School economist Anthony Foley shows 10,600 jobs in the accommodation and food service - including pubs, hotels and restaurants - could be lost across Mayo, Galway and Roscommon, with the 15-24 year age group particularly exposed.

    The report shows hotels are currently operating at about 25% capacity, pubs serving food are at about 50% and restaurants at about 60% capacity.

    With these figures unlikely to improve over the winter period and the tourism industry almost non-existent, the Drinks Industry Group of Ireland says the ongoing restrictions on restaurants and pubs serving food will have grave material consequences for thousands of livelihoods and hundreds of businesses.

    In the West of Ireland, accommodation and food service jobs make up 7.5% of all employment.

    The Drinks Industry Group is calling on Government to deliver a package of support measures - including a 15% reduction in excise tax on drinks - to support the industry and minimise the risk of job losses.