BoI faces strike action over share bonus move

BANK of Ireland is facing strike action by its 16,000 employees over its decision to withhold €24 million in staff share bonuses.

The Irish Bank Officials Association (IBOA), which represents the majority of staff, had been hoping industrial relations expert Kieran Mulvey would put forward a determination on the issue, particularly as he had facilitated previous dealings on staff stock issues as part of the bank’s four-year strategic transformation programme (STP) in 2005.

However, yesterday the IBOA said Mr Mulvey had told the union he could not issue a determination as any proposal from him “may run the risk of rejection by either side”.