Move comes within weeks of announcement that 20 jobs were to go
The Government decided last December to allow for bonuses across the banks of up to €20,000 per employee. Photograph: The Irish Times
Goodbody, which has been led by chief executive Martin Tormey since it was bought by AIB two years ago, had about 350 employees before the job cuts were announced. AIB sold Goodbody in 2011 to Kerry-based financial services group Fexco and the firm’s management team as it was offloaded what were seen as non-core assets in the wake of the bank’s government bailout.It bought Goodbody in September 2021 for €138 million, after the stockbroking and wealth management firm was the subject of two abortive takeover deals by separate Chinese groups in 2019 and 2020, respectively. Goodbody forms part of AIB’s capital markets division, which is led Cathy Bryce.
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