Financial Services Union to ballot members in Bank of Ireland on proposals for 4%  pay increase

The Financial Services Union (FSU) will ballot their members in Bank of Ireland on pay proposals which include a 4% pay increase  and an increase to all bands.

The breakthrough in negotiations which had stalled recently occurred when the agreed mediator intervened to put forward proposals which were accepted by both sides as a basis for moving forward.

The mediator’s proposals include:

• 4% pay increase for Bands 1-3, split 2.25% as fixed and 1.75% as performance
• ROI Band 1 min pay increased from €29,000 to €30,000
• NI & GB Band 1 min pay increased from £23,000 to £25,000
• All Bands 2 & 3 min pay increased by 2.25%
• All Bands 1-3 max pay increased by 2.25%

Commenting, Caitleen Desetti, Industrial Relation Organiser with the FSU said.

“Following difficult and drawn-out pay negotiations over the past three months, the mediator  intervened to put forward a proposal  which the FSU has agreed to put to a ballot of our members.

The decision to accept or reject the mediator’s proposal is firmly in the hands of our members.

The ballot will open on Monday 23 February, remaining open for two weeks, closing at 4pm on Monday 9 March.

Only FSU members can vote in this ballot. We will be hosting a number of meetings over the coming week to discuss the proposals with our members.”

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