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Government to approve plans to reintroduce bonuses for banking staff

RedFM News
RedFM News

10:56 29 Nov 2022


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Government is expected to approve plans to bring back bonuses for banking staff.

Pay has been capped at €500,000 at the three bailed out banks AIB, Permanent TSB and Bank of Ireland, and bonuses have been banned since the financial crash.

However, plans before Cabinet this morning are expected to allow bonuses to resume.

The cap on the salaries of Bank of Ireland staff is also expected to lift, now that the State has sold its stake in the bank.


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