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18/06/2012
SIPTU Will Resist Changes To AIB Pension Scheme
SIPTU has stated that any attempt by the management of AIB to enforce unilateral changes to bank workers pension schemes will be resisted by its members.
SIPTU Insurance and Finance Sector Organiser, Adrian Kane, said: "This announcement by AIB chief executive, David Duffy, that the bank intends to discontinue its employees current Defined Benefit and Hybrid Pension schemes marks a serious deterioration in the relationship between staff and management."
Adrian Kane added: "SIPTU members will not tolerate the aggressive style of management which has been adopted by AIB executives in recent weeks. While the conditions associated with severance terms in the public sector have recently been applied across the State-controlled banking sector the corresponding industrial relations approach is being completely ignored.
"A cynical observer might conclude that the timing of David Duffy’s announcement in relation to his employees’ pension schemes might be intended to persuade some to opt for the voluntary redundancy option."
SIPTU represents all service and auxiliary staff at AIB.
(CD)
SIPTU Insurance and Finance Sector Organiser, Adrian Kane, said: "This announcement by AIB chief executive, David Duffy, that the bank intends to discontinue its employees current Defined Benefit and Hybrid Pension schemes marks a serious deterioration in the relationship between staff and management."
Adrian Kane added: "SIPTU members will not tolerate the aggressive style of management which has been adopted by AIB executives in recent weeks. While the conditions associated with severance terms in the public sector have recently been applied across the State-controlled banking sector the corresponding industrial relations approach is being completely ignored.
"A cynical observer might conclude that the timing of David Duffy’s announcement in relation to his employees’ pension schemes might be intended to persuade some to opt for the voluntary redundancy option."
SIPTU represents all service and auxiliary staff at AIB.
(CD)
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