Colin Hunt, CEO of AIB. Photo: Steve Humphreys
Most AIB staff will be in line for a pay increase of 3.5pc this year, plus an additional €1,000 voucher, under a deal agreed between management and the bank’s main union.
AIB has agreed a pay deal for 2026 with the Financial Services Union (FSU), which represents many of the bank’s staff.
The agreement, which is to be voted on by union members, recommends an increase of 3.5pc or a minimum rise of €1,500 for lower paid staff.
An additional one-off tax-free voucher to the value of €1,000 is included in the offer.
The deal also includes a commitment to ongoing change and co-operation during the period of the agreement, however it is understood not to be linked with the bank’s changes earlier this year to the mix of in-office and at home hours.
AIB’s Chief People Officer David McCormack said the deal the bank’s lowest paid in particular are rewarded .
AIB also offers a wide range of benefits including variable remuneration, full private healthcare cover, a market leading pension scheme and enhanced leave supports.”
The pay deal means someone currently earning €30,000 would receive the minimum €1,500 increase (a 5pc pay increase) plus the €1,000 voucher (3.3pc of salary).
Someone earning €40,000 would receive a 3.75pc pay increase and the €1,000 voucher, while higher earners will get a 3.5pc pay rise.
The Head of Industrial Relation and Organising at the FSU, Gareth Murphy, said the union is recommending that members vote for the deal and that AIB staff will also be in line for a 5pc bonus this year.
“The bank has also agreed to pay the increased VHI premium, circa €600, which is of significant value to members in the Republic of Ireland and our clear understanding throughout the negotiations was we expect a full variable pay payout of 5pc this year in addition to these proposals.”
source