IRISH LIFE WORKERS have voted against industrial action at the State-owned bank.
The union representing half of the bank’s workers, UNITE, held a ballot on action following the restructuring of Irish Life – which is part of Irish Life and Permanent – in advance of its sale which some staff feared would threaten their jobs.
The government took full ownership of the bank following the stress tests earlier this year which found that it needed a further €4 billion in State capital. The sale of Irish Life is expected to raise as much as €1 billion.
UNITE said last month it was balloting members because workers felt they had been ignored over three months of negotiation in advance of the sale and that there was a lack of information.
The ballot was carried out last month and the result was known last week but has only become public today.
A spokesperson for IL&P told TheJournal.ie: “We welcome the outcome of this ballot. We look forward to engaging with the Union on the issues they are concerned with at the Labour Court as early as possible.”
Commenting on the result, UNITE regional officer Colm Quinlan said: “The company is aware that over 40 per cent of staff were willing to take action and we believe that will ensure a real engagement now with staff on whom the company depends.”
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