Donohoe not backing the return of bankers’ bonuses ‘at this stage’

Banking union opposes reintroduction of bonus plan for key executives at AIB

Paschal Donohoe: no commitment to policy changes at this time. Photograph: Collins

Paschal Donohoe: no commitment to policy changes at this time. Photograph: Collins

Paschal Donohoe, the Minister for Finance, says he won’t commit to backing the return of bankers’ bonuses at State-controlled AIB “at this stage”, after the Financial Services Union (FSU) called upon him to reject a proposal by the bank.

FSU general secretary, Larry Broderick, said on Sunday it stretched credulity that AIB would be proposing to introduce for key executives a share bonus scheme worth up to 100 per cent of their salaries annually.

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