Saturday, 21 April 2012

24 AIB employees earn basic salaries over €250k - Noonan refuses to cut salaries.


A TOTAL OF 24 AIB and EBS employees are continuing to receive basic salaries in excess of €250,000 annually at a time when hundreds of staff at the institution are being made redundant, according to the Minister for Finance.

In an answer to a parliamentary question by Éamon Ó Cuív, Michael Noonan said that 24 employees were in receipt of such salaries, which he admitted were “considerable”.

However, Noonan ruled out seeking reductions in salaries – saying that the bank was “one of the two universal pillar banks in the Irish financial system” which continued to operate as “a separate economic unit with independent powers of decision and functions” independent from him as Minister in relation to its day-to-day operations.

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