Ibec warns conditions not yet ready for developing new agreement on pay

Ibec has admitted a case is beginning to develop for a new national pay agreement, but warned conditions are not ready for it yet, as well as ruling out pay increases across the private sector.

There have been numerous references in recent weeks to pent up frustration among workers that they are not sharing in the economic recovery through increases in their take-home pay.

Ibec director general Danny McCoy acknowledged that as the economy enters recovery mode, “we will start to see that frustration of expectations that has been building up and so we will have to find a new route in order to manage the economy”.