Financial Services Union ‘concern’ on AIB sale as 5.5% pay deal agreed

The Financial Services Union (FSU) said the proposed sale by the Government of a stake in AIB was a matter of “concern” as the union said it would recommend its members vote to accept an average pay rise of 5.5% over two years at the State-owned lender.

“The prospect of a sale of part of the State’s shareholding in AIB this year is a concern to our members,” said FSU general secretary Larry Broderick.

“The fact that our union has also secured an extension of current job security and redeployment arrangements until the end of 2019 will be an important factor as members decide on the deal.