Exclusive: Bank of Ireland disappoints staff with first post-crash bonus

Bank of Ireland’s reward scheme falls significantly short of what many staff had expected after record profitability

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Bank of Ireland
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Donal MacNamee and
Lorcan Allen
February 27, 2024

Bank of Ireland’s first bonus scheme in more than 15 years has left staff disappointed. Picture: Fergal Phillips

Bank of Ireland will pay its best-performing staff just half of the maximum bonus the lender told workers they could receive, the Business Post can reveal.

Workers at the bank will receive bonuses worth a maximum of 5 per cent of their annual salary as part of its first variable pay deal since the financial crash, according to a note circulated to its staff yesterday.

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