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Ireland – IBRC bank can’t hold on to staff and tenders recruiters

05 November 2012

In a bid to lower costs and ahead of expected staff departures, Irish Bank Resolution Corporation wants to hire more contract and temporary staff in the UK and is now looking for the help of recruitment firms to do so.

According to a report in the Irish Times, the bank has tendered for a panel of staffing companies to hire temporary, fixed-term and permanent staff in its UK offices where it employs around 120 staff in London, Manchester and Belfast.

IBRC chairman Alan Dukes told the Irish parliament last week that the bank was losing staff at an “unacceptable rate” because rival companies snapped up employees by offering them higher salaries. 

The bank employs over 1,000 workers, and short-term staff make up a quarter of those. Irish Bank Resolution Corporation was formed last year, following the merger of state-owned Anglo Irish Bank and Irish Nationwide Building Society.

The firm has had trouble retaining some of its staff because it is unable to offer bonuses or higher pay that would entice workers to stay. Headcount is expected to fall below 800 at the year-end at Anglo and Irish Nationwide, according to the newspaper. 

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