In 1996, the Labour Court recommended changes to Irish Life Assurance PLC’s proposed sales-force restructuring terms after a dispute with Manufacturing, Science, Finance. It recommended increasing the lump sum for Sales Managers taking the Personal Financial Adviser route to £20,000 and setting compensation for lost commission at 150% of annual loss. For Corporate Agency terms, the Court recommended raising the annual payment from £7,000 to £8,500 for five years and the set-up contribution from £5,000 to £7,000. For Area Administrators, it recommended increasing compensation from £18,000 to £20,000. The recommendation was signed on 13 June 1996.
Labour Court recommends Irish Life raise restructuring compensation to £20,000
Historic decision · Decision date:
Place: no local area assigned from the source.