Business Irish

Friday 28 April 2017

AIB workers vote for average 2.75pc pay rise

Members of the Financial Services Union in AIB have backed a pay hike at the State-owned lender of 2.75pc on average for this year and next.

The deal forms part of arrangements worked out recently at the Workplace Relations Commission.

There will also be no compulsory redundancies until 2019 and the group will also bear pension management fees over the duration of the pay deal.

Union general secretary Larry Broderick said as well as certainty on pay, the deal also provided job security.

"This is important as AIB Group continues with its restructuring plan and the Government prepares for a sale of part of the State's shareholding in the coming months," he said.

Irish Independent

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