Two sides to attend Workplace Relations Commission on Tuesday
AIB and the FSU are to attend the Workplace Relations Commission on Tuesday. Photograph: Colin Keegan, Collins DublinRepresentatives of AIB and the Financial Services Union will attend the Workplace Relations Commission on Tuesday as the union seeks to have the terms of a three-year deal on pay agreed in 2022 revised in the wake of higher than expected inflation.
The deal provided for total increases for non-management staff of 10 per cent over its term but included other terms such as the raising of entry level pay to €28,000 and a one-off payment of €1,000 to help address the increased cost of living. The FSU contends that the circumstances in which the deal was originally negotiated subsequently changed as the rate of inflation, driven by substantial rises in the costs of housing, food and fuel, soared.
“The pay deal was reached when inflation was considerably lower than it is currently, and the cost-of-living pressures were not as acute,” it said in a statement. “It is clear the three-year pay deal is no longer sufficient to meet staff needs, and it is regrettable that AIB have refused to engage constructively on the issue.
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