Anglo Irish Bank - Billions Lost - 10% Pay Rises for staff?????

franklyshocked

(MAJOR RANT WARNING)

I almost choked on my cornflakes when I heard this.
After BILLIONS lost and a bailout by the taxpayers our so called government says they are powerless to stop Anglo giving a 10% payrise to staff.
Not 2 or 3%, but 10%.
For F@*& sake people what is wrong with this bloody country.
Thousands of us lost our jobs and have had to suffer increased tax and reduced benifits, some of us have lost all our benifits altogether and struggle month to month on one income to pay bills and feed a family and to kick salt in our wounds we have to sit and watch helplessly while a company responsible for the biggest financial loss in Irish history basically steals another 10% of the tax payers money as some sort of a f@*%ing pat on the back!
If the government had allowed this stinking pile of sh1t to collapse in the first place we would have been better off.
Anyone want to join me as I start firebombing the Anglo buildings?
If the government doesn't want to do its job then maybe the people should start taking back our money by ourselves

Mitch Connor

franklyshocked wrote: »

(MAJOR RANT WARNING)

I almost choked on my cornflakes when I heard this.
After BILLIONS lost and a bailout by the taxpayers our so called government says they are powerless to stop Anglo giving a 10% payrise to staff.
Not 2 or 3%, but 10%.
For F@*& sake people what is wrong with this bloody country.
Thousands of us lost our jobs and have had to suffer increased tax and reduced benifits, some of us have lost all our benifits altogether and struggle month to month on one income to pay bills and feed a family and to kick salt in our wounds we have to sit and watch helplessly while a company responsible for the biggest financial loss in Irish history basically steals another 10% of the tax payers money as some sort of a f@*%ing pat on the back!
If the government had allowed this stinking pile of sh1t to collapse in the first place we would have been better off.
Anyone want to join me as I start firebombing the Anglo buildings?
If the government doesn't want to do its job then maybe the people should start taking back our money by ourselves

in fairness, it is the same government facing a massive cash deficit and budget problem, yet still paid out on the increments due to the PS last year. Gave the NAMA guys a massive pay rise recently too. What do you expect from them?

Cookie_Monster

they really should just let Anglo go to the wall, no reasons left to keep it alive anymore

soups05

in fairness it only 5% of the staff that get this rise but its still a two fingered salute to the rest of ireland. they say that thier staff are taking on extra work.

who isn't these days?



(apart from taxi's and the passport office )

franklyshocked

So who's going firebombing with me?
its BYOB of course

seamus

soups05 wrote: »

in fairness it only 5% of the staff that get this rise but its still a two fingered salute to the rest of ireland. they say that thier staff are taking on extra work.

Actually what they've said is that these staff members haven taken on extra work as a result of redundancies and therefore deserve more pay.

However, redundancy legally means that you are letting an employee go because their position is no longer required and you are legally barred from filling that position again for six months.

So paying someone else to cover the role of a redundant employee means that the redundancy was illegal (because that position clearly was still required).

If I'd been made redundant from Anglo, I'd be onto NERA right now.

alias141282

Its gone beyond a joke at this stage. The vast majority of people in this country are getting totally screwed for the sake of a tiny minority.

What is astonishing is how passive people are about it. People are just fatalistically accepting that the Government is going to rob them to pour money into an utter black hole. At least in Greece they put up some resistance.

WindSock

When can we start the RIOTS please? I'll bring the tea.

super_furry

Well in fairness I can understand it. If the people that are still there now are doing their jobs and the jobs of the people that have been let go, then they deserve recompense.

But don't let that get in the way of a good rabble rabble!

Fratton Fred

It made me laugh on the BBC news this morning.

A banker on there was saying the British government need to cut their debt or the City will lose confidence in them.

Hello guys, IT'S YOUR ****ING DEBT THAT ALL THESE GOVERNMENTS HAVE PICKED UP. YOU TOSSERS FECK THE ECONOMY, GET BAILED OUT BY THE TAX PAYERS AND THEN START LECTURING US ON WHAT WE NEED TO DO.

WE ALL HAVE TO TAKE PAY CUTS AND TAX INCREASES WHILE YOU THIEVING BASTARDS CARRY ON FEATHERING YOUR OWN NESTS.

Get the pitch forks boys, I've had enough.

biko

Linkage

Anglo Irish Bank gives 70 staff pay increases
STATE-OWNED Anglo Irish Bank, which will receive a further capital injection from the Government in the coming weeks after reporting the highest ever losses in Irish corporate history, has awarded pay increases to 70 staff.

Salary increases have been paid to 40 of the bank’s 800 staff in Ireland, 20 out of 370 staff in the UK and 10 out of 80 staff in the US where the employees’ jobs have changed following the voluntary redundancy plan under which 230 staff left the bank.

Minister for Community, Equality and Gaeltacht Affairs Pat Carey last night defended the pay award. The increase concerned a small number of non-senior specialist staff in England that had been recruited on a contract basis, Mr Carey said on RTÉ’s Prime Time.

It would not be possible to clean up the bank without the specialist staff and the chairman and members of the board “are satisfied that these particular staff are necessary,” he said.

However, Fine Gael TD Leo Varadkar called on the Minister for Finance to instruct the bank’s board not to pay the increases.

The bank said that before the nationalisation of the bank in January 2009, the remuneration for a substantial proportion of staff at the bank was bonus-related but this was no longer the case and as a result average take-home pay has been “substantially reduced”.

“Increases were awarded where roles and responsibilities have changed since the completion of the voluntary redundancy programme,” the bank said. “The increases were also awarded in situations where qualifications of direct relevance to the individuals day-to-day job were completed in the past 12 months.”

Two internal appointees on the new senior management team installed by chief executive Mike Aynsley are among the staff who received pay increases under the remuneration changes introduced by the bank in recent months, according to sources close to Anglo.

The bank has declined to reveal the scale of the pay increases, but said in its statement released to RTÉ’s Prime Time that the increases would be “modest”.

The number of staff at Anglo has fallen to 1,240 from 1,800 following the redundancy programme, the sale of the banks operation in Austria, the transfer of staff to the bank’s internal unit monitoring loans moving to the National Asset Management Agency (Nama) and by not replacing staff who have left in the regular course of business.

Anglo is expected to post losses of almost €12 billion for the 15 months to December 31st, 2009 next week when the bank releases financial results for the first time since May 2009. Losses on bad loans amounting to about €14 billion mean that Anglo will report the highest losses ever reported by an Irish company.

This will trigger a further capital injection, possibly as much as €6 billion, from the State. The Government injected €4 billion into Anglo last year after half-year losses of €4.1 billion for the six months to the end of March 2009 obliterated the bank’s existing capital reserves. Anglo is the largest participant in Nama, transferring about €36 billion in loans.

Liam Byrne

I used to have respect for Alan Dukes, but listening to his bull**** this morning he can go rot like the rest of the self-interested, spin-loving idiots.

"Not a pay rise" - my arse!

How thick do they think we are ?

And LOADS of people have had to do extra work because of the recession, despite their pay being CUT!

Pepe LeFrits

seamus wrote: »

Actually what they've said is that these staff members haven taken on extra work as a result of redundancies and therefore deserve more pay.

However, redundancy legally means that you are letting an employee go because their position is no longer required and you are legally barred from filling that position again for six months.

So paying someone else to cover the role of a redundant employee means that the redundancy was illegal (because that position clearly was still required).

If I'd been made redundant from Anglo, I'd be onto NERA right now.

It was voluntary redundancy, lots applied but most didn't get it. Anyone who did was doing cartwheels in the pub a couple of hours later!

seamus

Pepe LeFrits wrote: »

It was voluntary redundancy, lots applied but most didn't get it. Anyone who did was doing cartwheels in the pub a couple of hours later!

Yeah, I spotted that. Another escape for Anglo!

AnonoBoy

Rioting is very exhausting but you guys go on ahead.

I'll keep a thread going here in After Hours updating people on your progress.

Fratton Fred

AnonoBoy wrote: »

Rioting is very exhausting but you guys go on ahead.

I'll keep a thread going here in After Hours updating people on your progress.

Who's talking of rioting? I want a good old fashioned lynching!

drdeadlift

there will be no riots,everyones going to keep their gobs shut and continue doing jack all about this

ardmacha

This is a complete non story as it is not a pay rise at all. Some people in particular positions left the bank. People from other less well paid positions had to then fill this position. Nothing to talk about. There are many things people should be rioting over, this is not one of them.

K-9

ardmacha wrote: »

This is a complete non story as it is not a pay rise at all. Some people in particular positions left the bank. People from other less well paid positions had to then fill this position. Nothing to talk about. There are many things people should be rioting over, this is not one of them.

Damn you for introducing sense into the lynching discussion.

Liam Byrne

ardmacha wrote: »

This is a complete non story as it is not a pay rise at all. Some people in particular positions left the bank. People from other less well paid positions had to then fill this position. Nothing to talk about. There are many things people should be rioting over, this is not one of them.

The same has happened in many, many businesses across the country, and those employees haven't received pay rises. It's been accepted as "taking it on the chin" and working together to try to allow companies survive until things - hopefully - improve.

But the worst-run, worst-performing, most corrupt company gets away with it courtesy of our bailout taxes ?

Despite what some people want to claim, it IS a story, and it IS objectionable and sickening.

fconno316

so the country is in ****e, because of the Banks, we the tax payers bail them out, they are about to announce their biggest loss in history, and they are giving themselves a pay rise. bull.

they should be brought out and shot instead

Clanket

Cookie_Monster wrote: »

they really should just let Anglo go to the wall, no reasons left to keep it alive anymore

If they did that who do you think would have to make up the difference?

Taxpayers, that's who. Better to try trade out of it for a few years then sell it on

msg11

I have to laugh, because there bloody well doing it.

IvySlayer

alias141282 wrote: »

Its gone beyond a joke at this stage. The vast majority of people in this country are getting totally screwed for the sake of a tiny minority.

What is astonishing is how passive people are about it. People are just fatalistically accepting that the Government is going to rob them to pour money into an utter black hole. At least in Greece they put up some resistance.

What have you done?

drdeadlift wrote: »

there will be no riots,everyones going to keep their gobs shut and continue doing jack all about this

Just like you are.

toiletduck

Country's a joke tbh. It's like one big sketch show.

IvySlayer

toiletduck wrote: »

Country's a joke tbh. It's like one big sketch show.

Did you even read the article or just skim the headline of journalism trying it's best to start riots? The OP is misrepresenting the 'pay rises'

And anyone who says their country is a joke, but living in it and paying taxes, well who's the joke on then?

toiletduck

IvySlayer wrote: »

Did you even read the article or just skim the headline of journalism trying it's best to start riots? The OP is misrepresenting the 'pay rises'

Oh I read it. Fact is that Anglo shouldn't be around at all, yet alone sucking in more money.

And anyone who says their country is a joke, but living in it and paying taxes, well who's the joke on then?

Do you think that's a good argument? Of course the joke is on every honest, working person. That's why people are so bloody mad...

IvySlayer

toiletduck wrote: »

Oh I read it. Fact is that Anglo shouldn't be around at all, yet alone sucking in more money.



Do you think that's a good argument? Of course the joke is on every honest, working person. That's why people are so bloody mad...

Anglo shouldn't be around, this story has been spinned and people are falling for it.

This country isn't actually that bad. People don't have the power to do anything about, no-one likes the way it's done. I said it before the only way to get rid of Fianna Fail is a sit in around the Dáil with at least a good few hundred thousand people. General election.

Then again, the next biggest party (FG) also support NAMA. They'd do the exact same thing.

twinytwo

WindSock wrote: »

When can we start the RIOTS please? I'll bring the tea.

Leinster house first id say... forget the tea im bringing a tank

The_Kew_Tour

Feck it lads lets just all go to the pub instead for bit of banter

sure good friday only around the corner and we wont be able drink then.

IvySlayer

adrian280582 wrote: »

Feck it lads lets just all go to the pub instead for bit of banter

sure good friday only around the corner and we wont be able drink then.

Fight afterwards?

bernardo mac

It's one Long Good Friday in this state.Taxpayers Crucified to undo the traitorous damage of the Unholy Few and ensure the privileged continue to enjoy the lifestyle they have become accustomed to enjoy :mad:

ScumLord

WindSock wrote: »

When can we start the RIOTS please? I'll bring the tea.

If the boards beer was changed to a boards riot you'll get a much better turn out from us country folk, it's the only reason I can see for traveling to Dublin.