Bank criticised over pay freeze
Issued : 26 August 2009
MId Ulster Mail
Union bosses have condemned Ulster Bank's move to hit employees with a pay freeze and change its pension scheme.
The Irish Bank Officials' Association (IBOA) said the proposals were unacceptable and had not been discussed nor agreed with the union.
Larry Broderick, general secretary, claimed workers were again being scapegoated for the reckless lending policies of senior management in both Ulster Bank and its parent company, Royal Bank of Scotland.
