Bank workers set to reject pay deal

BANK workers' union IBOA is set to reject the latest national pay deal after its executive committee gave it the thumbs-down yesterday.

The Irish Bank Officials' Association said the 5.5% pay increase over 18 months, proposed under Sustaining Progress, fell short of its expectations and criticised the absence of local bargaining provisions that would allow unions in certain sectors to negotiate better deals.

IBOA general secretary Larry Broderick said banks were enjoying record profitability and that the proposed deal failed to reflect the contribution of bank staff on low pay.