Bank of Ireland pre-tax loss of 1.25bn euros

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BANK of Ireland has recorded a pre-tax loss of 1.25 billion euros for the first six months of the year compared to a 556m euros loss for the same time last year.

The amount of money the bank is setting aside to cover loan losses is higher than this time last year at 941m euros.

This is worth £33-a-week, about £1,700-a-year, and the craft workforce, numbering about 40, face losing the other 50 per cent from April 2013.

Talks between the Unite union and the management of United Lincolnshire Hospitals (ULHT) NHS Trust are to take place today, as the craft staff start their ‘withdrawal from the on-call rota’ and a ‘work-to-rule’ from 6am.

Unite regional officer David Roome said on Saturday: ‘A craft person’s maximum basic starting salary is £18,402, rising after seven years to £21,798.

‘The RRP loss will mean many of these highly skilled members, most who have worked at these hospitals for many years, struggling to make ends meet.

‘At the same time as they are losing £33-a-week, these members have also had to start paying around £18-a-month to park at work due to ULHT imposing this on all employees.

‘Given that Lincolnshire is a rural county, car travel is essential for most staff to get to work.

‘ULHT has the ability to negotiate a local RRP agreement, but it has made no attempt to do so, despite numerous attempts by Unite reps to seek meetings.

‘Many other trusts up-and-down the country have negotiated local agreements with their staff, such as the neighbouring Hull and East Yorkshire Hospitals NHS Trust.

‘Also, the coalition government has imposed a two-year pay freeze on NHS workers, as well as an increase on these members’ pension contributions of £250-a-year.

‘This trust wants to explore the possibility of seeking “foundation” status. One of the principles of foundation status is having a good working partnership with its employees. This is not the approach ULHT is following.

‘We are seeking a fair settlement for our members, whose skills are much in demand in other parts of the economy.’