![]() ![]() We will continue to work through issues with all the Banks to ensure that our members interests are supported and protected. "The FSU is very cognisant that our members are really struggling, like everyone else with the rise in costs of heating, food, and other essential items. ![]() John O'Connell, General Secretary of the FSU commented the payment should not be seen as a replacement for annual pay rises. "This is good news for staff and the banking sector," he said. Gareth Murphy Head of Industrial Relation and Campaigns with the Financial Services Union said the union had secured payment of the €1,000 from Danske Bank, Bank of Ireland, AIB and Permanent TSB. It follows a number of initiatives to support staff in recent months, including a 6.5% 2-year pay deal for 20 inclusive, and increased entry-level salaries. The bank said the payment will be made to staff from Level 2 to Level 5 inclusive. "We have been engaging extensively with Employee Representative Bodies in relation to this initiative and want to acknowledge their support in putting it in place," Mr McGuire said. The gift exemption is a popular way for businesses to incentivise and reward staff.Įarlier this month, Bank of Ireland and AIB said they will also pay staff an additional financial support payment to help them to deal with the rising cost of living.īrian McGuire, Head of People Operations and Reward at Permanent TSB, said, the bank recognised that staff and their families have had to cope with significant increases in food, energy and fuel prices in recent months and it wants to help alleviate that pressure. The Bond issued by TSB Bank PLC ( United Kingdom ), in GBP, with the ISIN code XS2355578787, pays a coupon of 0.42 per year. The Government extended the Small Benefit Exemption in the Budget, doubling to €1,000 the amount that employers can give workers by way of tax-free vouchers a year. The bank said the payment will be in the form of a One4All gift voucher, with staff being encouraged to use the voucher to support local businesses and suppliers within their community where possible. ![]() Permanent TSB is to give its staff €1,000 each in recognition of the current cost of living pressures they face. ![]()
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