BoI workers to stage picket

Updated: 10:57, Wednesday, 2 July 2008

600 Bank of Ireland employees are to picket on Tuesday in a row over bonuses.

1 of 1Bank of Ireland - Says bonuses were always conditional
Bank of Ireland - Says bonuses were always conditional

600 Bank of Ireland employees belonging to the Unite trade union are to picket on Tuesday in a row over bonuses.

The picket will coincide with the bank's Annual General Meeting at the RDS.

The Irish Bank Officials Association, which represents a further 6,700 employees at the bank, have already voted for industrial action.

Unite says that 91% of its members voted for industrial action after Bank of Ireland cut annual bonuses from 6% to 3%.

Banking unions say that they co-operated with a restructuring programme which resulted in more than 2,000 job cuts and cost savings worth over €145m a year.

Bank of Ireland has said that the bonuses were always conditional on certain criteria being met.

It says that earnings per share targets have not been met and that a full 6% bonus cannot be justified.

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