B of I staff in emergency meeting on pensions

Bank officials at Bank of Ireland have held an emergency meeting to call on the company to comply with a Labour Court request…

Bank officials at Bank of Ireland have held an emergency meeting to call on the company to comply with a Labour Court request to defer implementation of the proposed new pension scheme for new staff.

The Irish Bank Officials Association (IBOA) said it had assented to the Labour Court's request and deferred its ballot for industrial action in the bank.

IBOA general secretary Larry Broderick said the union "reluctantly" agreed to defer its ballot for industrial action in Bank of Ireland to allow the Labour Court carry out its investigation and issue its recommendation.

"However, we are extremely disappointed by the bank's attitude to the Labour Court, whereby it is ignoring a straightforward and simple request for them to defer implementation of the proposed new pension scheme," he said.

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"I have written to the chief executive, Mr Brian Goggin, requesting that he accede to the Labour Court's request."

The union said it would also write to politicians and "relevant agencies" seeking their support for decent pensions for all staff and highlighting what it claimed was a breach by the bank of current agreements and its refusal to co-operate with the Labour Court request.

"It is not acceptable for one of the largest and most profitable employers in the country to blatantly ignore and treat with contempt the State's industrial relations institutions, particularly after they have only recently signed up to the new national wage agreement, Towards 2016," Mr Broderick said.