Branches are still making operating profits.
You would not expect these sacrificial lambs who have taken the brunt of sins committed by senior management to leave empty handed? At worst, they would be entitled to statutory redundancy which is the law. Think of the PRSI etc. which has been paid by these officials over the years.
No problem with statutory redundancy. No problem with more than that But why should a bank that is bankrupt pay staff more than that when the money they will use is taxpayers. I'd prefer them to pay back the exchequer. I think the boss has an inordinate amount of cheek to suggest anything else. And as someone whose taxes is going into that bank I'd like to be consulted first. And of all banks AIB. Nothing ever changes.
No unionised bank in Ireland has ever had large scale compulsary redundancies. I believe there is a fear of significant industrial action if AIB went down this route or offered a low package which potentially could result in a national bank strike.
Imagine that a bank strike. Still doesn't answer the question, with what money can the bank pay above statutory. Why are bank staff any different to staff in other companies that go bust? Can taxpayers money being pumped into the banks be used to pay more than statutory redundancy?
Ok, slightly off topic but ..
Imagine that a bank strike. Still doesn't answer the question, with what money can the bank pay above statutory. Why are bank staff any different to staff in other companies that go bust? Can taxpayers money being pumped into the banks be used to pay more than statutory redundancy?
...The State can (technically) afford to pay redundancy at a higher level than statutory. ...
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