Unfortunately today’s the last day of the informal brothel. The short term let company are out as of 31 March and the building owners are looking to complete a bulk apartment sale to one investor / consortium - the Irish Times reported an €18.5m asking price for a mix of 1, 2 and 3-bed apartments. I’m sure any buyer will in turn sell / rent them off separately and we’ll have brothel facilities back up and running in jig time. I’ll miss the hustle and bustle in the foyer and lift.
It shouldn’t unless they were treating overtime income as guaranteed. If they were treating o/t income as guaranteed then they will have to budget accordingly. They should feel fortunate they don’t face cuts to their base salary like in the private sector.
That’s a very good post Tim. A cohesive argument put forward in under 100 words. There are a lot of lads here that could learn from your direct approach.
You CANNOT run a company with such high overtime rates in perpetuity. It is a sign of a poorly managed company that will eventually get into trouble.
The Unions know this. 10 years ago they should have renegotiated the base salaries upwards and reformed work practices to cut down on the overtime.
They didn’t for two reasons. They don’t want the actual income from their members reported in the press. Secondly, they knew that when a situation like this arose that they could put Ingrid Miley at Radio Telifís SIPTU into overdrive to pressure the government into a bailout.
It isn’t fair on lower paid workers in our society. It isn’t fair to tax payers generally. It is about protecting entitlements.