AIB to give workers 5% share of profits this year

AIB has agreed to give its workers a 5% share of profits this year, according to the Irish Bank Officials Association.

The union has welcomed the move, saying it had been campaigning for such a profit-sharing arrangement for several years.

Earlier today, AIB announced pre-tax profits of €1.7bn for 2005, a 23% rise on the figures for 2004.

The IBOA, which wants profit-sharing deals to be part of all future national wage agreements, says all workers in highly profitable companies should be entitled to a fair share of the benefits of their labour.

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