Labour Court recommends bank officials accept employer’s wage offer

The Labour Court recommended that the Irish Bank Officials’ Association accept National Irish Investment Bank’s offer under the Programme for National Recovery, rejecting the association’s claim for an 8% salary increase and a 12-month agreement. The recommendation was signed on 12 January 1989. The association sought a higher increase for about 50 employees in the Asset Finance Division, citing their cooperation with workplace changes. The bank said its offer matched the programme’s terms and pointed to competitive pressures and the need to contain costs. The Court found no circumstances warranting a departure from the programme.