FORMER BANK OF Ireland chief Mike Soden – who left Bank of Ireland in 2004 after admitting he accessed soft porn on his work computer – is calling for the introduction of a five and a half day working week.
Soden, who has just been appointed to the board of the Central Bank, is arguing that the public sector should work longer weeks for the sake of the country.
Speaking on RTE’s This Week programme, he said:
For every €10 of expenses, we only generate €6, with the balance of €4 being borrowed. My suggestion is that we increase the work week immediately from five to five-and-a-half days until we get out of this mess…I guarantee you there are lots of people in the private sector doing it already…We have the ability to increase the productivity by as much as 10 per cent and maybe even more, if we do that.
Soden was appointed this week to the Central Bank Commission by Finance Minister Brian Lenihan.
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