Almost 1,000 workers in Irish Life have voted overwhelmingly to accept a Labour Court recommendation which will result in some of them getting a pay increase of as much as 7%.
At the beginning of this year, almost 94% of the workers, members of the Unite trade union, voted for industrial action following what the union described as a unilateral decision by the company to freeze pay and increments for 2014.
However, talks were initiated between the two sides, yielding the recommendation from the Labour Court. According to Unite, when increments are factored in, that will see the pay of members increase by a minimum of 2%. It said lower-paid clerical staff will receive increases of up to 7%.
“In addition members will be compensated for the abolition of a long-standing profit-sharing scheme through a once-off lump sum payment of €1,500,” a spokeswoman said.
“The union’s success in obtaining these benefits follows a vote for industrial action earlier this year in the wake of the company’s decision to impose a total pay freeze without consultation, coupled with their stated intention to abandon established agreements. ”
Unite regional officer Colm Quinlan said: “Unite is particularly pleased with the 7% increase for lower-paid staff, which will have a significant impact on the living standards of those affected. The combination of across-the-board increases and unfreezing of increments also sends a welcome signal to workers throughout the financial sector that the some of the hardships over the past number of years may be coming to an end.”
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