Bank officials shocked by BOI bonuses

The Finance Union IBOA has has said that Bank of Ireland's Chief Executive should apologise to the bank's staff over revelations that some senior staff in the bank have received substantial bonus payments.

IBOA General Secretary, Larry Broderick, said that the union's members in Bank of Ireland have been shocked to learn that a very small group of senior staff have received significant bonuses from the bank while the rest of the bank’s employees have accepted a pay freeze and deferral of outstanding pay awards, a reduction in pension benefits and more than 2,500 redundancies in order to secure the viability of the bank.