Independent expert to examine effects of Ulster Bank takeover of First Active

An independent assessor looks set to study the effects of the Ulster Bank Group’s €887 million takeover of First Active on its staff amid continuing industrial-relations unrest at First Active.

16th December, 2006

An independent assessor looks set to study the effects of the Ulster Bank Group’s €887 million takeover of First Active on its staff amid continuing industrial-relations unrest at First Active.

Siptu, which represents the majority of the former building society’s staff, is seeking a pay increase as compensation for the disruption and stress caused to staff by the merger.

The workers had been due to receive a once-off 5 per cent...

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