FSU to ballot members in Bank of Ireland on pay deal

Negotiated agreement includes 4% pay increase and five days carers leave

The Financial Services Union (FSU) and Bank of Ireland have reached agreement on a pay deal which, if accepted by FSU members  would result in a 4% pay increase for staff.

Commenting on the agreement Shaeleen Martin, Industrial Relations Organiser with the FSU said:

“The agreement follows intense local engagement over the last number of months  including positive engagement from  the Workplace Relations Commission.  Our members were clear throughout the process they wanted to see a pay increase that would reflect their hard work throughout the year.

This is an inflation proofed pay increase, which includes 5 days paid carers leave and an extension to paid parents leave. The proposal is subject to acceptance of the agreement by FSU members in BOI.  The FSU will be recommending acceptance of the deal to our membership in the Bank.

We will be explaining the proposal to our members through numerous online meetings and site visits.

The ballot of FSU members will open on Wednesday 12 February and close at 5.00pm Wednesday the 26 February.

Commenting on the agreement John O’Connell, General Secretary of the FSU said:

“The FSU has a vision of retail banking  as a thriving sector which attracts talented and ambitious staff. This requires decent pay and conditions and better work life balance opportunities.

We will continue to work to achieve this through our negotiations with each of the retail banks. This agreement was hard won and if accepted by our members will see a decent lift in wages for 2025.”

ENDS