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Bonus pay to NTMA staff up 13% to €3.22m for 2024

Bonus pay to staff at the National Treasury Management Agency (NTMA) and connected entities for last year increased by 13% to €3.22m.

Business • 15 Jul

Credit Suisse collapsed in March 2023 and was taken over by its longstanding rival UBS in an operation orchestrated by Swiss authorities

Swiss court rules Credit Suisse bonus cuts were unlawful

A top Swiss court has ruled that the Swiss government's reductions and cancellations of bonus payments to former executives of Credit Suisse after the bank failed in 2023 were unlawful, according to the ruling published last night.

Business • 14 May

Storyful Ltd accounts show that pre-tax losses at the business last year narrowed by 22% from €3.96m to €3.08m

Dublin-based Storyful staff share bonuses of €1.65m

Staff at the Rupert Murdoch-owned Dublin-headquartered social media intelligence and online news agency Storyful have shared bonus payments of €1.65m over the past three years.

Business • 23 May 24

Greggs has reported bumper pre-tax profit of £188.3m for 2023, up from £148.3m the previous year

Greggs staff to share £17.6m bonus pot as profits soar

Thousands of Greggs workers in the UK will share £17.6m in bonuses this month after the bakery chain notched up a 27% hike in annual profits.

Business • 05 Mar 24

The decision affects around 1,000 Credit Suisse employees, who will be deprived of about 50-60 million Swiss francs

Switzerland cuts bonus payouts for Credit Suisse bosses

Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal Council has said.

Business • 06 Apr 23

There has been public backlash against bonus payments at the bank whose rescue was backed by roughly 260 billion Swiss francs ($280 billion) of state funding and guarantees

Switzerland curbs bonus payouts at Credit Suisse

Swiss authorities imposed curbs on bonus payments for Credit Suisse employees, a move that will penalise bankers after a multi-billion-franc state rescue of the bank.

Business • 22 Mar 23

The year-end banker bonuses are estimated to 30% to 50% lower this year

Banker bonuses go from boom to bust in jarring reversal

Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes hold.

Business • 22 Dec 22

Ikea said the bonuses would be paid to employees across all markets and would vary depending on salaries

Ikea pays out €110m in Covid bonuses

Ikea will pay a total of €110m in bonuses to employees worldwide as reward for their work during the pandemic, Ingka Group, the company that operates most Ikea's stores, said today.

Business • 29 Oct 21

Benefits on offer were more comprehensive in the multinational sector

Health insurance, pensions among benefits workers want

Health insurance, pensions and paid sick leave are among the top benefits sought by employees from their employers, new research has revealed.

Business • 24 Aug 21

The Bank of England is piling pressure on UK banks by requesting all major lenders scrap cash bonus payments to executives

British bank bosses take pay cuts amid virus fallout

Top executives at British lenders HSBC, Standard Chartered and NatWest have said they would take salary cuts after pressure on bankers to show solidarity with customers struggling to make ends meet during the coronavirus crisis.

Business • 09 Apr 20

In an effort to conserve cash, Applegreen is to implement a recruitment freeze and defer executive director bonuses

Applegreen to defer bonuses and withdraw dividend

Fuel forecourt and service station operator Applegreen has said its footfall and volumes have been impacted in the last two weeks as governments and customers take increasing measures to contain the spread of the coronavirus.

Business • 24 Mar 20

Ryanair CEO Michael O'Leary pictured at the airline's AGM, along with deputy chairman Stan McCarthy (l) and chairman David Bonderman (right)

Ryanair AGM narrowly approves bonus plan for O'Leary

Ryanair shareholders have narrowly approved a bonus scheme for Chief Executive Michael O'Leary that could earn him around €100m over five years.

Business • 19 Sep 19

John Lewis said it would pay its workers, which it calls partners, a bonus of 3% of salary, down from last year's bonus of 5%

John Lewis Partnership profits down 45% in 2018

Britain's John Lewis Partnership said it expected 2019 to remain challenging after it reported a 45% drop in full-year profit, dragged down by the "near constant discounting" of its department store rivals.

Business • 07 Mar 19

The €12,000 bonus for pilots who give up their annual leave will not be paid until next year

Ryanair offers €12,000 bonus to pilots to give up leave

Ryanair has offered to pay bonuses of up to €12,000 to pilots who agree to give up annual leave entitlements to plug gaps in the schedule which have triggered flight cancellations over the next six weeks.

Business • 19 Sep 17

BA says it will give £400 to staff members plus a free return flight

BA gives staff payout after missed bonus payments

British Airways is set to give out £400 to staff members plus a free return flight to make up for lower bonus payments, Bloomberg has reported.

Business • 21 Mar 17

UBC CEO Sergio Ermotti saw his bonus for last year fall by 5.2%

Switzerland's UBS cuts its bonus pool by 17%

UBS cut its bonus pool by 17% in 2016 to 2.9 billion Swiss francs ($2.9 billion) after full-year net profit almost halved at Switzerland's biggest bank.

Business • 10 Mar 17

Wells Fargo is looking to increase accountability following a sales scandal

No 2016 cash bonuses for 8 senior Wells Fargo bosses

Wells Fargo said eight senior executives, including chief executive Tim Sloan and chief financial officer John Shrewsberry, will not receive cash bonuses for 2016.

Business • 01 Mar 17

Standard Chartered swung back to a pretax profit of $409m for 2016

No Standard Chartered dividend, but bonus raised

Standard Chartered said it would not pay a dividend for 2016 due to restructuring costs, but increased its staff bonus pool by 5%.

Business • 24 Feb 17

Deutsche Bank said it noted the decision and that all tax and national insurance relating to the scheme had already been paid

Banks' scheme to avoid bonus tax ruled unlawful

The UK Supreme Court has ruled a "contrived" scheme used by Deutsche Bank and UBS to allow the banks and their bankers to escape £135m (€174m) in tax on bonuses was unlawful.

Business • 09 Mar 16

Deutsche Bank said last week that it expected to report a 2015 net loss of about €6.7 billion

Deutsche Bank set to cut bonuses after record loss

Deutsche Bank is sharply cutting 2015 bonuses as it expects a record loss for the year due to writedowns, litigation charges, restructuring costs and tough trading conditions, three people familiar with the matter said.

Business • 25 Jan 16

The Labour Relations Commission will review the issue of bonus awards to Irish Water workers

Ervia unions to refer bonus payments to LRC

Ervia's group of unions has referred the company's decision not to pay controversial bonuses awards to Irish Water workers, to the Labour Relations Commission.

News • 28 Jun 15

Critics have questioned how enforceable the new rules would be

British bankers may have bonuses taken years later

Top bankers in Britain could have their bonuses clawed back a decade after they were awarded under proposals from the country’s regulators, would make industry pay curbs the toughest in the world.

Business • 23 Jun 15

Joan Burton was responding to comments made at a PAC meeting this week dealing with NAMA

Burton critical of NAMA developer incentive scheme

Tánaiste Joan Burton has described as an appalling idea the suggestion that developers dealing with NAMA would get bonuses.

News • 21 Dec 14

Bumper pay packet for EasyJet CEO McCall

Easyjet boss Carolyn McCall received pay and bonuses worth £7.7m despite deteriorating levels of customer satisfaction and punctuality.

Business • 05 Dec 14

SIPTU said its members would not be made scapegoats for 'unpopular tax'

Action not ruled over Irish Water bonus move

SIPTU has said that it has not ruled out industrial action following Irish Water's decision to withhold employee bonuses for 2013 and 2014.

News • 19 Nov 14