ESB staff vote for 20% cut in earnings

Workers at ESB have voted in favour of €140m in payroll savings which will see average workers taking a 20% cut in their earnings and 1,000 leaving the company.

The ballot was counted in Dublin and yielded a 63% vote in favour.

While staff who remain at the company will not see their basic pay cut, there will be changes in a number of areas including profit share arrangements and performance-related payments.