The Irish Bank Officials’ Association (IBOA), one of the island’s oldest and largest white collar, private sector trade unions, is reinventing itself as the Financial Services Union (FSU) to better meet the needs of 21st Century employees.
Formed almost 100-years ago, the IBOA’s transformation into the FSU is part of a wider campaign by the union to extend its appeal beyond the traditional banking sector to include the growing financial services industry.
The union has also overhauled its constitution to make its decision-making process more responsive.
The FSU rebrand and re-launch is the biggest shake-up in the island’s trade union movement in the past 20 years.
The union believes the move will help grow membership from its current level of 15,000 and take advantage of opportunities within the wider financial services sector.
“For 98 years bank officials across these islands have been well served by the IBOA, securing dramatic improvements in pay and conditions by revolutionising the relationship between employees and employers,” said FSU general secretary Larry Broderick.
“The founders of the IBOA were the radicals of their time and now it is time for today’s union to be just as radical.”