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AIB Staff Rise

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    #2
    Time Magazine
    Registered Users Posts: 8,452 ✭✭✭Time Magazine


    Not exactly conducive to debate. Moved from Economics. Politics mods: up to ye.


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    #3
    AARRRGH
    Closed Accounts Posts: 12,382 ✭✭✭✭AARRRGH


    Forgetting about the pay rise, I find it hard to believe Lenihan is powerless.

    Surely he can say: "**** off and die so. No more money for you."

    The bank would have no option but to reverse the raise or at least cut wages.


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    #4
    Taxipete29
    Closed Accounts Posts: 1,531 ✭✭✭Taxipete29


    The bank could of claimed inability to pay in accordance with the terms of the agreement. The fact that they are being propped up by the state would I am sure been enough of a reason.


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    #5
    BroomBurner
    Closed Accounts Posts: 2,737 ✭✭✭BroomBurner


    It's good to see my pension levy money hard at work!

    Edit: Whoops, just saw the other thread


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    #6
    nellumr
    Closed Accounts Posts: 23 ✭nellumr


    It's good to see The Independent (who rightly called the booma property bubble) keeping up the good work.


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    #7
    Tipsy Mac
    Closed Accounts Posts: 2,559 ✭✭✭Tipsy Mac


    There's about 8,000 people working for AIB, lets say they are on an averge of €45,000, at 3% across the board that's €10,800,000. A lot of money, the money wasted on the electronic voting would pay for it for 5 years :D


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    #8
    ilovelamp2000
    Registered Users Posts: 2,435 ✭✭✭ilovelamp2000


    Some Anglo staff have received pay rises and bonuses too in the past year.


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    #9
    FlutterinBantam
    Closed Accounts Posts: 14,575 ✭✭✭✭FlutterinBantam


    Tipsy Mac wrote: »
    There's about 8,000 people working for AIB, lets say they are on an averge of €45,000, at 3% across the board that's €10,800,000. A lot of money, the money wasted on the electronic voting would pay for it for 5 years :D

    Average of Irish based staff believed to be around €70k.

    Polish based subsidiary dilutes it to €50k.

    I have up to now given Lenihan average marks for his handling of this crisis, if he allows this as he has watched the ESB give a raise, he will be a gutless failure in my opinion.

    This is a crazy thing to do in this current economic climate and gives ammo to the Unions to ramp up their pointless campaign to fight PS cuts.


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    #10
    nellumr
    Closed Accounts Posts: 23 ✭nellumr


    FlutterinBantam wrote: »
    Average of Irish based staff believed to be around €70k.

    Polish based subsidiary dilutes it to €50k.

    I have up to now given Lenihan average marks for his handling of this crisis, if he allows this as he has watched the ESB give a raise, he will be a gutless failure in my opinion.

    This is a crazy thing to do in this current economic climate and gives ammo to the Unions to ramp up their pointless campaign to fight PS cuts.

    Please back this up, I'm no fan of banks but throwing unsubstantiated facts around doesn't help in a serious discussion.


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    #11
    FlutterinBantam
    Closed Accounts Posts: 14,575 ✭✭✭✭FlutterinBantam


    nellumr wrote: »
    Please back this up, I'm no fan of banks but throwing unsubstantiated facts around doesn't help in a serious discussion.

    Discussion on the radio today gave me those figures.

    Sorry I can't remember the programme.

    It said that the average wage in BOI was 70k and AIB as I quoted with the dilution from the Polish subsidiary.


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    #12
    nellumr
    Closed Accounts Posts: 23 ✭nellumr


    I'm sure there will be some bank staff here to give their 2 (+ increase) cents.


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    #13
    gerry28
    Closed Accounts Posts: 438 ✭✭gerry28


    Lenihan is going to look silly allowing the AIB staff get a pay rise and then come looking to the PS and CS in december to cut wages.

    To pump 7 billion of state money into a bank on its knees and then see them get a pay rise.

    People were talking about it at work today and were just shaking their heads in disbelief at the thought of it.


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    #14
    gerry28
    Closed Accounts Posts: 438 ✭✭gerry28


    mikemac wrote: »
    AIB staff are looking across at BOI staff who got this increase last year.
    Was there a thread with outraged posters commenting on BOI staff here last year? If I could search I would.

    Yeah, there was some outrage about it on here alright... but very little.

    If someone started a thread here about the PS getting a 3% payrise and if it was believed then you would see all hell break lose. There would be post after post after post filled with vitriol.

    The BOI rise passed off with only a little fuss though and the AIB one prob will too.


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    #15
    deadhead13
    Closed Accounts Posts: 2,034 ✭✭✭deadhead13


    FlutterinBantam wrote: »
    Discussion on the radio today gave me those figures.

    Sorry I can't remember the programme.

    It said that the average wage in BOI was 70k and AIB as I quoted with the dilution from the Polish subsidiary.

    RTE Radio 1 Drivetime, the figures were given by Shane Ross and Fergal Keane.


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    #16
    FlutterinBantam
    Closed Accounts Posts: 14,575 ✭✭✭✭FlutterinBantam


    deadhead13 wrote: »
    RTE Radio 1 Drivetime, the figures were given by Shane Ross and Fergal Keane.


    Thanks for that DH.


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    #17
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Ok,

    Lets say AIB kept the 10 odd million they paid out to staff. Lets say they make a profit of exactly 10 million this year (I doubt it will happen). At 12.5% this equates to 1.25million in tax.
    10 million in the hands of staff probably will be taxed at 20% or 41% + Income Levy + PRSI + Health Levy.

    Which benefits the state more in truth?






    *I didn't get a payrise BTW.


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    #18
    bonkey
    Registered Users Posts: 15,443 ✭✭✭✭bonkey


    I'm curious why there's all this outrage at AIB, and no-one has made a peep about the fact that the article in the OP mentions that they wanted to go back on it, the unions fought them, ultimately leading to a a recommendation from the LRC to pay it, which is what AIB have done.

    In effect, the unions coupled with a government body led AIB to stop trying to enforce cutbacks and to give a payrise instead.

    I also note that while the article says that "an average increment of 3pc has now been made to some categories of staff below manager level in the bank's operations in Ireland", the figures being bandied about earlier in teh thread work off the total staffing, and mention a Polish subsidiary.


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    #19
    BroomBurner
    Closed Accounts Posts: 2,737 ✭✭✭BroomBurner


    bonkey wrote: »
    I'm curious why there's all this outrage at AIB, and no-one has made a peep about the fact that the article in the OP mentions that they wanted to go back on it, the unions fought them, ultimately leading to a a recommendation from the LRC to pay it, which is what AIB have done.

    In effect, the unions coupled with a government body led AIB to stop trying to enforce cutbacks and to give a payrise instead.

    I also note that while the article says that "an average increment of 3pc has now been made to some categories of staff below manager level in the bank's operations in Ireland", the figures being bandied about earlier in teh thread work off the total staffing, and mention a Polish subsidiary.

    Maybe it was because it wasn't a public sector union that nobody has mentioned it..?


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