Blog Archive
Voluntary severance terms proposed
Posted on May 21, 2012 by Seamas Sheils
BOI Logo
Negotiations have concluded between Bank of Ireland senior management and IBOA The Finance Union on proposals for voluntary severance of up to 1,000 more staff in Bank of Ireland, according to IBOA General Secretary, Larry Broderick.
The proposals provide for voluntary severance terms of three weeks' pay per year of service plus statutory entitlements - subject to a cap of two years' salary or €225,000 (or sterling equivalent), whichever is the lesser amount. Staff with mote than two years' service will receive a minimum payment of €10,000 (or sterling equivalent).
Mediator makes recommendation in AIB
Posted on May 18, 2012 by Seamas Sheils
IBOA The Finance Union has noted the recommendation for voluntary severance and early retirement of up to 2,500 more staff in AIB proposed by the independent mediator, Mr. Kevin Foley.
Speaking from the Union's conference in the Clayton Hotel, Galway, IBOA General Secretary, Larry Broderick said that the Mediator's recommendation recognises that any job losses in AIB should be implemented on a voluntary basis.
The severance terms proposed for the Republic of Ireland provide for four weeks' pay per year of service including statutory entitlement, or three weeks' pay per year of service plus statutory entitlement, subject to a payment cap of two years' annual salary, including all pensionable elements, or €225,000, whichever is the lesser.
Handling Change
Posted on May 17, 2012 by Seamas Sheils
Handling Change
Handling Change: A History of the Irish Bank Officials' Association has been published by the Collins Press.
Produced by Paul Rouse and Mark Duncan, the book was specially commissioned by the Union to mark the renaming of the Irish Bank Officials' Association as IBOA The Finance Union.
The evolution of the IBOA offers a fascinating picture of Ireland - not least of how banking moved from a thoroughly conservative industry to one so reckless as to bankrupt the Irish state.
Dr. Paul Rouse, formerly of RTE television's flagship current affairs programme Prime Time, now teaches Irish history at UCD. Mark Duncan works on research projects in Ireland for public and corporate bodies.
EU unions' No to EU stability treaty
Posted on May 17, 2012 by Seamas Sheils
UNI Europa, the European regional organisation of the UNI global trade union federation, has described the EU fiscal stability treaty as "anti-social, anti-democratic and anti-European." Trade unions are mobilising across Europe to stop governments from cementing in neo-liberal austerity policies for years to come.
"With this Treaty, EU governments drive the European model against the wall - and in the process they drive over workers and citizens," said Oliver Roethig, UNI Europa Regional Secretary, at the ETUC Steering Committee.
"We as trade unions and citizens need to stop this. Sinking the Treaty is our first priority! As trade unions we will mobilise at all levels."
The European trade unions are organising a Day of Action on 29 February across Europe.
AIB job cuts plan 'devastating'
Posted on March 08, 2012 by Seamas Sheils
IBOA The Finance Union has declared that the 2,500 job cuts proposed by AIB senior management will have a devastating impact on ordinary employees and their families.
"Although we have been expecting an announcement on the Bank's restructuring plan for some time, the scale of the proposed job losses means that ordinary bank staff are being asked to suffer the consequences of the mismanagement of the Bank's affairs to a disproportionate extent," said IBOA General Secretary, Larry Broderick.
Bank of Ireland's viability plan at risk
Posted on February 16, 2012 by Seamas Sheils
Unwarranted interference by the Department of Finance in the day-to-day operations of Bank of Ireland is undermining the Bank's Viability Plan and threatening industrial peace, according to Larry Broderick, General Secretary of IBOA The Finance Union.
Commenting on the Bank's latest results, IBOA General Secretary, Larry Broderick, said that "while there has been a significant improvement in the Bank's performance in 2011, I am convinced that the performance would have been significantly better if the Department of Finance had allowed Bank of Ireland management to implement its Viability Plan in line with the agreements reached with the EU Commission and the IBOA.
IBOA urges Bank to revisit job cuts plan
Posted on January 28, 2012 by Seamas Sheils
IBOA The Finance Union has called on Ulster Bank's senior management to revisit its plan for the restructure of the institution. The Union has urged management to adopt a new approach in order to preserve the maximum number of jobs in the Bank.
Following the meeting today between Ulster Bank's senior management team, led by Chief Executive, Jim Brown, and IBOA's Ulster Bank Executive Committee - led by General Secretary, Larry Broderick - the Union leader said that while IBOA acknowledged that the Bank continued to face major difficulties arising from the impaired loans authorised by senior management during the property boom, the Union could not accept that the solution proposed by management was in the long-term interests of the Bank or its customers and staff.
RBS chief's bonus is totally unacceptable
Posted on January 27, 2012 by Seamas Sheils
The announcement that RBS Chief Executive Stephen Hester is to receive an annual bonus payment currently worth almost �1 million on top of a basic salary of �1.2 million is adding insult to injury as far as staff in its Irish subsidiary, Ulster Bank is concerned.
"Just two weeks after the Bank announced plans to make 950 staff redundant in Ireland, we now learn that the board of RBS - which is 82% owned by the British State - has sanctioned this excessively generous bonus payment to Stephen Hester," declared Larry Broderick, General Secretary of IBOA The Finance Union.
Anglo calls off Labour Court hearing
Posted on December 08, 2011 by Seamas Sheils
The decision by senior management at the IBRC (formerly Anglo and Irish Nationwide) to abandon a previous agreement to refer the terms of a proposed redundancy deal to the Labour Court is a cause of serious concern, according to IBOA The Finance Union.
Union General Secretary, Larry Broderick, said the refusal of a wholly State-owned institution to co-operate with the State's industrial relations machinery will set a very dangerous precedent. "I recall in the not-so-distant past Government Ministers taking private sector employers to task for refusing to allow the Labour Court or the Labour Relations Commission to mediate on various industrial relations issues.
The Usual Suspects
Posted on November 22, 2011 by Seamas Sheils
See the video inspired by the IBOA poster!
