Finian McGrath
Question:82 Deputy Finian McGrath asked the Minister for Finance his views on a matter regarding Christmas bonus payments in respect of a person (details supplied). [40290/11]
View answerWednesday, 14 December 2011
Questions (81, 82)
Finian McGrath
Question:83 Deputy Finian McGrath asked the Minister for Finance the reason the lowest paid staff at EBS are not receiving their 13 month payment when management received same. [40334/11]
View answerWritten answers
I propose to take Questions Nos. 82 and 83 together.
I am advised by the institutions involved that the payments in question are considered bonus payments as per their description in the relevant contracts. On this basis, as the conditions governing the provision of State assistance to Allied Irish Banks (AIB) prohibit the payment or awarding of bonuses whatsoever, the bank took the view that it is not in a position to make such payments to employees of EBS (which since 1 July 2011 is a wholly owned subsidiary of AIB). I am informed by AIB that no such payments have been made to management since 1992 and no bonuses of any kind have been paid to this cadre of employee since 2008.