Banking union slams Cowen’s call for wage restraint
12/05/2006 - 10:41:32The union representing Irish bank workers has criticised Finance Minister Brian Cowen's call for wage restraint in any new pay deal.
The IBOA said today that it was unacceptable for the Minister and employers to be seeking restraint at a time when the economy is buoyant and when workers are facing rising interest and inflation rates.
The union has already said that it wants any new wage deal negotiated as part of the social partnership process to include a 10% pay rise over two years.
It is also seeking a local-bargaining clause to allow workers to claim extra increases from highly profitable firms.
