Ireland - RSA staff set for 2% pay rise - February 29, 2016

The country’s biggest insurance group RSA has agreed a 2% pay increase for the majority of its staff in the Republic following an agreement with the trade union Unite. The pay rise will take effect in June 2016 and will apply to some 360 out of 410 staff employed by the company here. It is understood that the rise will not apply to senior executives. This will be the first increase in pay for staff since 2012 and reflects the fact that RSA expects to return to profitability in 2016 after three years of heavy losses following the emergence of financial issues in 2013 that rocked the business. This rise will not apply to RSA’s operation in Northern Ireland nor will it apply to staff in, its Dublin-based subsidiary.

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