Saturday 24 February 2018

Old practices at Central Bank are holding back 'new Ireland'

Laura Noonan

Laura Noonan

THE Central Bank likes to see itself as a beacon of 'new Ireland', the no-nonsense authority that will put manners on our banks and insurers and put an end to the disastrous financial practices of old.

But behind that 'new Ireland' ambition lurks a decidedly 'old Ireland' legacy -- some 699 staff on the kind of employment contracts that epitomise the cosy conditions in the often unproductive public service.

These 699 staff -- just over half the Central Bank's 1,301 full-time staff -- are required to be at their desks for just 32.5 hours a week, working hours described as "exceptionally low" by employers' body Ibec.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss