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Wednesday 29 November 2023 Dublin: 1°C

PTSB employees vote overwhelmingly in favour of industrial action

Unite trade union members at the bank have rejected a Labour Court pay recommendation.

PERMANENT TSB EMPLOYEES who are members of Unite trade union have voted in favour of industrial action.

They had previously rejected a Labour Court pay recommendation issued in September. This included a pay rise of 2.2% effective from 1 January 2016 and a 4% lump sum payment.

Unite is the biggest union in the bank, representing about 1,000 employees. Siptu and Mandate members accepted the Labour Court proposals.

In a statement, United said the dispute centres around the company’s decision to introduce a new remuneration model and the formal elimination of incremental salary scales.

Unite’s Regional Coordinating Officer Richie Browne said: “The vote was overwhelmingly in favour of limited industrial action, short of strike action. Our representatives will be meeting next week to decide the form of that industrial action, following which we will notify the company accordingly.”

Awaiting formal confirmation 

In a statement, PTSB said it is “awaiting formal confirmation of the results” of the ballot.

“The ballot was undertaken to seek support for what the Trade Union describes as “limited” industrial action in a dispute concerning pay modernisation proposals amongst clerical and supervisory staff at the bank.

In respect of this pay modernisation agenda, Permanent TSB has already accepted and implemented a Labour Court recommendation in respect of pay, performance and career development at the bank.

“The bank will consider the matter fully when it is formally advised of the outcome of the ballot.”

Read: Double mortgage payments taken from some Permanent TSB customers

Read: This bank is going to offer you cash for your mortgage

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