A Bank of Ireland employee union has criticised IBEC’s statement yesterday in support of the bank’s decision to halve annual bonuses for staff from 6% to 3%.
Employees belonging to the Irish Bank Officials Association had served notice on the bank of a 24-hour work stoppage on 8 July in protest against the bank’s decision.
Business group IBEC said yesterday it supported the bank's position, arguing it was prudent given marginal growth in Bank of Ireland's earnings and the threat of a recession in Ireland hitting the banking sector this year.
Today IBOA General Secretary Larry Broderick called IBEC’s statement an ‘ill-informed intervention in a dispute involving a fundamental breakdown in trust between an employer and its employees’.
The IBOA said 'the chances of a successful outcome to the national partnership talks are becoming increasingly remote after IBEC's ill-considered attack on bank staff'.
