Anglo cuts another 230 staff; BANKS.By AINE AINE Antiinflamatorio No Esteroideo (Spanish: nonsteroidal antiinflammatory) HEGARTY ANGLO Irish Bank Anglo Irish Bank Corporation plc (Irish: Banc Angla-Éireannach) ISEQ: ANGL, LSE: ANGL, FWB: CKL, is a bank based in Ireland, listed on both the Irish Stock Exchange and the London Stock Exchange, and headquartered in Dublin. yesterday announced plans to slash 230 jobs. About 110 of the jobs are based at its Irish operation while 95 will be cut in the UK and a further 25 in the US. Anglo chief executive Mike Aynsley said: "Regrettably, we have to let people go as we reduce the size of the balance sheet. "This reality is tough on our staff who have worked exceptionally hard and have shown huge commitment over the years, most particularly over the recent, difficult months." Anglo said the move is "due to restructuring and the transfer of circa circa prep. Abbr. ca In approximately; about. EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 28billion of loans to Nama in coming months". Staff are being offered four weeks pay for every year worked, up to a maximum of 52 weeks, on top of statutory entitlements. The bank said it expects similar job cuts by 2011. |
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