Ireland -Pay cuts and voluntary redundancies -March 23, 2013

695 workers at ESB’s Powergen section are to have their pay cut by up to 17%. The ESB’s internal joint industrial committee decided that tiered pay cuts should be introduced. The cuts will start at 11% for those at the lower end of the pay scale and will rise to 17% for those at the top. The pay cuts are part of an overall €140m cost saving programme at ESB that was agreed by management and unions. The plan was that €56.4m was to come from cuts to non-core pay elements such as profit share, overtime, and performance payments. The largest portion of the overall savings — €83m — was to come from a voluntary redundancy programme. In Powergen, only 160 people applied to take the severance package where 250 were needed.

English: http://www.irishexaminer.com/ireland/esb-to-cut-pay-of-695-staff ...

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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