Finance trade unions and the Allied Irish Banks (AIB) agreed upon a new collective agreement that includes an average 3% pay raise for AIB workers. The 3% pay hike consists of two elements: a fixed element to cover the increased costs of living and a performance-related element. The average increase of 3% is set to apply to 80% of employees across the bottom three staff levels covered by the collective bargaining agreement. About a fifth of the employees are currently on a salary below the minimum proposed ranges for the three staff levels.
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For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org © ETUI