Danske Bank staff back proposals from Labour Relations Agency
Issued : 7 September 2015
IBOA members in Danske Bank have voted to accept a recommendation from the Labour Relations Agency, covering a range of issues including pay, job security and annual leave.
While the LRA recommendation has endorsed the employer’s final pay offer for 2015 – which provides for performance-related increases ranging from 1% to 2.6% depending on salary range and rating, the employer is committed to engage in further talks with the Union - to be completed by the end of this year – to review the existing pay matrix.
The Agency has also recommended that the current job security agreement between Danske Bank and IBOA should be extended by a further twelve months to the end of December 2016. This agreement ensures that there will be no compulsory redundancies within Danske Bank and that any employees affected by restructuring will enjoy protection of their pay and terms and conditions of employment.
Long-serving staff in a number of grades will receive an additional day’s leave each year – while all Danske employees will receive an extra day’s leave in 2015 on a once-off basis.
IBOA General Secretary, Larry Broderick, said that the engagement between the Union, Danske Bank’s management and the Labour Relations Agency had been intensive and protracted. “We are gratified that the efforts made on all sides have secured an agreement,” he said.
“The challenge now is to ensure that the provisions of this agreement become opportunities for further recognition of the important contribution made by the staff of Danske Bank to its continuing success – especially in the context of the greater autonomy to be given to the Northern Ireland operation by its Danish parent,” he said.