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AIB staff should be supported in standing up against top managers’ pay - Morgan

9 March, 2010

Sinn Féin Finance Spokesperson Arthur Morgan TD, responding to AIBs annual report which showed the bailed-out bank paid its top managers €3.6 million last year, called on unions and ordinary staff at the bank to join Sinn Féin in the fight against these wages at the top.

Deputy Morgan said:

“This government is throwing billions at banks whose management have shown time and again how incapable they are of running their businesses. The future of ordinary Irish taxpayers and business is being held to ransom by these banks and government policy, yet we have seen very few people being held to account.

“The news of this pay bill to top managers today is disgraceful. This is money that is coming direct from taxpayers who have not only seen their rights and services cut by government to fund this pay, but are about to be doubly hit by increased charges at the banks.

“As AIB and BoI limp along relying on state subsidies, it is becoming increasingly apparent that staff in both these banks are going to be let go in huge numbers. I am urging the unions and the ordinary staff at these banks to join Sinn Fein and fight-back against the greed of their managers.

“Every manager who receives hundreds of thousands of euros in their salary is robbing the future of an employee in these banks. Staff need to take a stand against this and Sinn Féin will support them in it.” ENDS

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