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Gormley says AIB pay rises don't make sense

Published 19/10/2009

The Minister for the Environment John Gormley says moves by AIB to award staff a 3% pay increase just don't make sense.

It's reported that the bank is to follow Bank of Ireland's lead and sanction the increase at a time when other industries are implementing pay cuts or freezes.

Minister Gormley says businesses need to be careful of the signals they're sending and says the Government has held talks on the matter.

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