First signs of pay movement in ailing Irish economy

According to the Irish Central Statistics Office (CSO) average hourly earnings in the Irish Republic were virtually unchanged over the year to Q1 2012. More recently unions have rejected a proposed pay freeze at Allied Irish Bank and a staged 3.5% deal at the utility company Bord na Móna. However, A new deal for the Tesco retail chain in Ireland will give employees a 2% pay increase from January 1st 2013 – the first increase for five years.

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