Croke Park must deliver more savings
The implementation body for the Croke Park agreement published its second annual review yesterday. This showed that the deal between the Government and the public sector trade unions shaved €650m off the public sector pay bill in the year to March 2012 and that, when non-pay savings are added, has saved the exchequer a total of €1.5bn since it came into force two years ago.
The 2010 Croke Park Agreement, under which the government agreed to no more public sector pay cuts or to any compulsory redundancies until at least 2014 in return for the public sector trade unions agreeing to co-operate with the reform of the public service, has been hugely controversial from the very beginning.
It has been derided by its critics as a sweetheart deal that protects public sector workers from the worst of the economic downturn. Yesterday's review from the implementation body shows that the Croke Park Agreement is not a one-way street; that, contrary to what the agreement's many critics might claim, Croke Park is making a significant contribution.