Wednesday 25 April 2018

Staff at state-owned AIB in line for pay increase

The AIB branch on Dame Street.
The AIB branch on Dame Street.

Independent.ie business desk

Thousands of workers at State-owned bank AIB are in line for a pay increase of 2.2pc.

The move comes following a recommendation from the Workplace Relations Commission after a pay claim by the Irish Bank Officials Association, now the Financial Services Union.

As well as the pay increase the WRC also recommended further job security measure for staff including that there would be no redundancies at AIB between now and February 2018.

AIB got a €20bn bailout during the financial crisis, the bank is in State-ownership since then but is expected to be floated in the future.

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