Menu
03/07/2008
Bank Averts Strike Action
Bank of Ireland workers have called off potential strike action at head office, planned for next week.
The protest would have resulted in 600 Unite members joining the picket line.
Today, union officials revealed an agreement had been reached between its members and the bank.
Bank employees are now set to receive a 3% cash bonus in lieu of the stock issue, which the company had previously withdrawn.
Assurances have been reportedly put in place to avoid a similar matter occurring again.
The dispute, which became increasingly public, had come to a "fair result", according to Unite's Colm Quinlan.
Mr Quinlan, who met with the bank today, said: "This was an avoidable dispute and we can now get back to the good work which our members do in securing a positive future for the Bank."
The Bank of Ireland has accepted today's recommendation, and welcomed the Unite's pledge to suspend the strike.
The Irish Bank Officials Association said the proposals were a significant advance.
Strike action was expected for Tuesday, and would have lasted 24 hours.
Staff will now ballot on the proposals over the coming weeks.
Tempers were flared when a 2005 agreement, which stipulated staff would receive up to 6% of salary in gain share bonus payments, was not honoured.
The bank had made the deal on the proviso that cost cutting and earnings per share targets were met.
(PR)
The protest would have resulted in 600 Unite members joining the picket line.
Today, union officials revealed an agreement had been reached between its members and the bank.
Bank employees are now set to receive a 3% cash bonus in lieu of the stock issue, which the company had previously withdrawn.
Assurances have been reportedly put in place to avoid a similar matter occurring again.
The dispute, which became increasingly public, had come to a "fair result", according to Unite's Colm Quinlan.
Mr Quinlan, who met with the bank today, said: "This was an avoidable dispute and we can now get back to the good work which our members do in securing a positive future for the Bank."
The Bank of Ireland has accepted today's recommendation, and welcomed the Unite's pledge to suspend the strike.
The Irish Bank Officials Association said the proposals were a significant advance.
Strike action was expected for Tuesday, and would have lasted 24 hours.
Staff will now ballot on the proposals over the coming weeks.
Tempers were flared when a 2005 agreement, which stipulated staff would receive up to 6% of salary in gain share bonus payments, was not honoured.
The bank had made the deal on the proviso that cost cutting and earnings per share targets were met.
(PR)
Related Irish News Stories
Click here for the latest headlines.
10 May 2012
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
New Name For Northern Bank
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
12 May 2015
Bus Strike Talks Resume At LRC
The latest round of talks between Dublin Bus and Bus Éireann and trade union representatives have resumed at the labour Relations Commission. Talks are continuing in an effort to avoid upcoming strike action planned by workers at both bus companies in a dispute over a plan to privatise 10% of the companies bus routes.
Bus Strike Talks Resume At LRC
The latest round of talks between Dublin Bus and Bus Éireann and trade union representatives have resumed at the labour Relations Commission. Talks are continuing in an effort to avoid upcoming strike action planned by workers at both bus companies in a dispute over a plan to privatise 10% of the companies bus routes.
20 June 2013
Aer Lingus IALPA Members Agree Strike Action
Aer Lingus pilots have voted in favour of strike action in a dispute over pay. Members of the Irish Airline Pilots' Association working at airline have not set a date for the action, but it is understood that they will have a few weeks to issue a strike notice if its aim is to disrupt the August bank holiday weekend.
Aer Lingus IALPA Members Agree Strike Action
Aer Lingus pilots have voted in favour of strike action in a dispute over pay. Members of the Irish Airline Pilots' Association working at airline have not set a date for the action, but it is understood that they will have a few weeks to issue a strike notice if its aim is to disrupt the August bank holiday weekend.
25 July 2013
Garda Investigate Decomposed Body Found In Dublin House
An investigation is underway following the discovery of badly decomposed body in a derelict house in Phibsboro, Dublin. The body was uncovered at a house on Royal Canal Bank West at around noon on Wednesday. The body was removed from the scene and is due to undergo a post-mortem examination today (Thursday).
Garda Investigate Decomposed Body Found In Dublin House
An investigation is underway following the discovery of badly decomposed body in a derelict house in Phibsboro, Dublin. The body was uncovered at a house on Royal Canal Bank West at around noon on Wednesday. The body was removed from the scene and is due to undergo a post-mortem examination today (Thursday).
20 July 2012
Ulster Bank Begins To Correct Charges
Ulster Bank has began to correct and reverse fees and charges to customers effected by the technical issues at the bank, which started on 19th June. Earlier this week, the bank said it would announce details on how to address "out of pocket expenses".
Ulster Bank Begins To Correct Charges
Ulster Bank has began to correct and reverse fees and charges to customers effected by the technical issues at the bank, which started on 19th June. Earlier this week, the bank said it would announce details on how to address "out of pocket expenses".
-
Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
