Staff at EBS have called off a threatened strike after management bowed to a union demand to pay bonuses dating back to 2011.
Around 300 mostly headquarters staff at the nationalised bank had been set to mount pickets on branches of EBS and AIB before the eleventh hour decision by management to honour the payment.
Members of the Unite trade union at EBS, now part of state owned AIB Group, voted last week in favour of the action at a meeting in Dublin.
At the heart of the dispute is a bonus payment, the "13-month”, which was paid to staff at the EBS before it was bailed out and merged with AIB.
In April, the Labour Court ruled the payment should be discontinued but said a one-month bonus for all staff that had been due in 2011, half of which was paid, should be honoured in full by AIB.
The strike was called off today, following talks last night. AIB has now agreed to set a date for payment of remaining share of the bonus.
Both sides have agreed to refer other issues that have yet to be resolved to the Labour Court.