By how much has bankers pay been cut??

Ryan T

Can anyone tell me how much pay has been reduced for bank employees at all levels

For eg bank clerks, middle management etc

Thanks

Arthurdaly

Ive had no cuts as yet...havent had an increase either though! Still getting bonuses they just aint as fat as what they were.

People need to remember its a very small % in a large banks workforce who are in anyway responsible for the wreckless behaviour.

DeVore

My brother-in-law works as a senior manager in the IT dept in AIB and hasnt been paid a bonus which constitutes a good chunk of his yearly income.

Typical, even when they DO cut bonuses, they cut the bonuses of one of the few groups in banking who couldnt possibly have done anything differently or affected the decisions being made. (well, not without pulling all their internet access).

Paying the bonuses to the people who gambled away our money (before we realised it was our money!) is ridiculous and I am on record as saying that. They say it was to save their best people from walking? Let them walk.

When you lose that much money.... YOU DONT HAVE "BEST PEOPLE".

DeV.

later12

In fairness, you can't expect bank clerks to be punished directly for the bank crisis.

Even in the case of branch managers, who supposedly gave out loans - their powers to deny or accept loan application never amounted to much.

Ever been to a loan interview?
That part where they leave the room?
Someone in Dublin is on the phone telling them 'yes' or 'no'.

ardmacha

No doubt PS pensioners will be cut or levied or somesuch in the Budget. Which is fair enough. But it would be even fairer and much more acceptable to everyone if people in receipt of pensions from banks requiring taxpayer support were similarly levied.

sollar

We had the farcical situation last year where bank staff were getting a payrise of 3% right in the middle of the banking crisis while public servants were having their pay cut to pay for it.

If it was in a movie 5 or 10 years ago people would be saying it was too far fetched to be believable.

LookingFor

Given that there's a serious reputational risk involved in working for some of these banks, particularly Anglo, I think they could afford to cut pay without fear of losing "talent". They might have a hard time going anywhere else...

Rubik.

Bank executives pay is capped at 500,000 euro. AIB staff got a 3% pay rise, October last year. It was the final installment of a national wage agreement, blocked initially by management but granted by Labour Relations Commission. Bank of Ireland had paid the 3% rise when it was due. In march, 70 of Anglo Irish Bank's staff got pay increases. Alan Dukes explanation at the time - some employees had been given extra responsibilities.

eigrod

later10 wrote: »

In fairness, you can't expect bank clerks to be punished directly for the bank crisis.

But Public Servants and unemployed can be punished directly for the bank crisis ?

sellerbarry

sollar wrote: »

We had the farcical situation last year where bank staff were getting a payrise of 3% right in the middle of the banking crisis while public servants were having their pay cut to pay for it.

If it was in a movie 5 or 10 years ago people would be saying it was too far fetched to be believable.

And the Private sector workers who pay for the public servants wages got let go. (Don't forget that bit)

jimmycrackcorm

DeVore wrote: »

My brother-in-law works as a senior manager in the IT dept in AIB and hasnt been paid a bonus which constitutes a good chunk of his yearly income.

Typical, even when they DO cut bonuses, they cut the bonuses of one of the few groups in banking who couldnt possibly have done anything differently or affected the decisions being made. (well, not without pulling all their internet access).

DeV.

And so said the defense for the Auswitch fence Guards

Not too unlike a typical AIB xmas party photo pic...

ilovelamp2000

LookingFor wrote: »

Given that there's a serious reputational risk involved in working for some of these banks, particularly Anglo, I think they could afford to cut pay without fear of losing "talent". They might have a hard time going anywhere else...

You would think that, but I personally know someone that got a pay rise to stay in Anglo in the past 6 weeks.

eigrod

There should be a provision in the Budget that anyone, public or private sector, who earns more in 2011 than they did in 2010, that a 50% levy should be placed on the difference.

It would be easier for those who have lost their jobs, who have taken pay cuts or who are on the lower spectrum of pay to stomach their medicine if they could see some element of fairness being shared around.