Government to push for more cuts to bankers' pay

The government is expected to push for further cuts in the pay of senior bankers, following consideration of a report on the issue by Mercer consultants.

10th March, 2013
Michael Noonan.

The government is expected to push for further cuts in the pay of senior bankers, following consideration of a report on the issue by Mercer consultants. Banks will be told that, as they are still loss-making, they will be expected to reduce payroll significantly through measures which have an immediate impact on their bottom line.

The Mercer report, commissioned by the government to examine bankers' pay, has found that, in general, pay levels in Irish...

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