FSU publishes 5 key demands to tackle the Gender Pay Gap.

Issued : 8 March 2021

Press statement from the Financial Services Union

FSU publishes 5 key demands to tackle the Gender Pay Gap.

Marking International Women’s Day, the FSU have published 5 key demands to tackle the gender pay gap. Commenting on the publication, John O’Connell, General Secretary of the FSU said:

“In a week when financial transparency and cultural issues in Davys Stockbrokers is headline news, there is talk about how well-paid senior bankers should get paid more by removing the bonus cap.

Today, Monday 8th March is International Women’s Day.

BOI has a reported gender pay gap of 24.2% but at least they publish the data. No other Bank publishes data on gender pay.  Surely it is more important to address this issue than to talk about a return of the bonus culture in Banks.

The Financial Services Union have 5 key demands on tackling the Gender Pay Gap.

  • Obligation on employers to publish GPG on an annual basis.
  • Make pay ranges public.
  • Agreed reduction target plan with trade unions.
  • Encourage decent part-time and flexi hours at all levels of employment.
  • Collective bargaining as a right for all workers to address low pay.

Instead of bonus payments for senior management the Banks should on International Women’s Day make addressing the gender pay gap a core aim of the Banks strategy.”

ENDS

 

Contact: Brian McDowell, Head of Communications and Public Affairs, FSU. Tel: 087-9161225. Email: [email protected].

 

About FSU: The FSU is Ireland’s leading union across banking and finance. We represent thousands of staff across the main retail banks, and we have members in more than 70 companies across the finance and fintech sectors. Our members are spread across the Republic of Ireland, Northern Ireland, and Great Britain. We are headquartered in Dublin and we also have a presence in Belfast. We are members of the Irish Congress of Trade Unions and UNI Global finance union.