Sunday 26 February 2017

Bank workers' union set to demand at least 4pc wage increase following new guidelines

Anne-Marie Walsh

IBOA General Secretary Larry Broderick
IBOA General Secretary Larry Broderick

A union for bank workers will be among the first to seek pay rises of at least 4pc under new private sector wage guidelines.

The Financial Services Union will demand the wage hike that has been set as a benchmark by unions at AIB at talks that are due to begin within 10 days.

General secretary Larry Broderick said it would also seek an added percentage to take account of the fact that increments were halted and the working week increased from 35 to 37 hours during the financial crisis.

Earlier this week, the Private Sector Committee of the Irish Congress of Trade Unions advised unions to seek pay increases of 4pc, and a minimum increase of €1,000, next year. This is twice what most members of the main employer group IBEC expect to give their employees this year.

The move came after unions in the public transport arena achieved pay rises of up to 4pc a year, while gardaí are balloting on a deal that would give the average garda almost €4,000.

Mr Broderick said on Thursday his union's general council set out clear guidelines for its members in respect of pay next year.

"The Financial Services Union agreed to support the ICTU private sector pay claim of a 4pc increase for 2017 or €1,000, but views this as a minimum given the fact that financial services companies are now back in profitability," he said.

Irish Independent

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