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Update: C.I.E Cost Recovery Negotiations

10 October 2014

TSSA had a meeting with CIE management Wednesday 8 October. During the meeting we further explored the budget plan for the next 5 years, staffing levels, contractors and non-payroll costs.

 

CIE management continue to reiterate their view that they need to make savings of €500,000 annually to alleviate the deterioration in financial performance.

CIE management confirmed that they view the best way to achieve these savings is by foregoing of gross pay for a period of 25 months as listed below:

Foregoing of Gross Pay

 

Up to €56,000.00 a foregoing gross pay of 1.7% of basic pay.

Between €56,000.00 and up to €61,999.00 a foregoing gross pay of 2.2% of basic pay

Between €62,000.00 and up to €74,999.00 a foregoing gross pay of 3.3% of basic pay

Between €75,000.00 and up to €79,999.00 a foregoing gross pay of 3.6% of basic pay

Between €80,000.00 and up to €94,999.00 a foregoing gross pay of 4.1% of basic pay

Between €95,000.00 and up to €99,999.00 a foregoing gross pay of 5.1% of basic pay

Over €100,000 a forgoing of gross pay of 6.1% of basic pay

We once again told management that we do not believe that their proposals are fair or equitable and that we should continue to explore other avenues to see if savings can be achieved particularly in non-payroll costs.

We feel that it will be important to get the views of the wider membership and we will look to arrange a members meeting shortly. Once a date for the meeting has been confirmed we will inform members.

 

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