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Permanent TSB pays €1m in commission to staff

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Permanent TSB

Permanent TSB

Permanent TSB

Permanent TSB paid out about €1m in commission payments last year to staff in dozens of its branches for hitting sales targets.

The largely state owned bank gave out €1m to workers in 64 of its Irish branches when they reached agreed targets for the sale of financial products.

Individual workers received payments of as much as €4,500 per person while bank managers received even larger sums, the Irish Times reports.

A spokesman said that the payments were not bonuses, saying that they were commissions which have been part staff salaries since before the financial crash.

Online Editors