Tuesday 24 January 2017

Forbid payment of bank bonuses

Published 29/08/2010 | 05:00

Sir -- Just a small comment on Eamonn Blaney's excellent article "Root out public sector and bank untouchables" (Sunday Independent, August 22).

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Based on the figures quoted by Mr Blaney, the average public service wage is a massive 52 per cent higher relative to the average private sector wage. The article also identifies the imbalance in the size of our civil service for such a small country.

The problem is not with the frontline workers, but with middle and upper management. We should seek the resignation of the top layers of management in both our civil service and our banks and, for the foreseeable future, the payment of bonuses in our banks should be forbidden. If we are to have any chance at a recovery, there must be serious cuts -- and the cuts must start at the top.

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