Financials

One-day strike to hit Central Bank

The UNITE trade union says its members will stage a one-day strike on Friday at the Central Bank and Financial Regulator.

The union has accused management of withdrawing from negotiations over contracts. UNITE says this is in breach of existing agreements.

UNITE, which has 600 members in the two institutions, says pickets will be placed all day on the Central Bank premises on Dame Street in Dublin and at the Financial Regulator on College Green and the currency centre in Sandyford.

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'To rub salt in the wounds of our members, it is now reported that the new Financial Regulator will be paid an annual salary of €400,000,' said UNITE regional officer Brian Gallagher. 'This represents an increase of €150,000 over that paid to their predecessor, and is obscene in light of the treatment of regular staff.'

A statement on the Central Bank website confirmed that it had been served notice of the action. It said the normal retail business of Irish banks would not be affected. But it said the Central Bank's public office and the Financial Regulator's consumer information centre would not be open on Friday. It said it regretted any inconvenience to the public.

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Central Bank 600 UNITE members to take action
Central Bank
600 UNITE members to take action
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