FSU welcomes AIB maximum payment under variable pay scheme

€2.35 billion profits for 2024 is an extraordinary result and is a testament to the professionalism of staff and customer loyalty says FSU

The Financial Services Union (FSU) have welcomed the announcement by AIB of a maximum payment of 5% to staff  under their variable payment scheme.

AIB have today announced a profit after tax of €2.35 billion.

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

“The announcement today by AIB of €2.35 billion in profits for 2024 is an extraordinary result and is a testament to the professionalism of staff and customer loyalty.

It is important that these profits are used for the benefit of employees working in the sector and consumers who have stayed loyal to the main pillar banks through difficult times.

The maximum payment under the variable payment scheme of 5% is a welcome recognition by the Bank of the hard work and dedication of staff to the growth and development of the bank.

The FSU want to see a thriving retail banking sector which rewards its staff, builds trust with its consumers and provides a customer and business friendly service. This can best be achieved through close collaboration with stakeholders, a transparent business model which puts staff and customers first.”

ENDS