Demands for pay rises of at least 4pc in the private sector as energy costs soar

General secretary of the Financial Services Union, John O’Connell, has called for a 6pc increase and a hike in the entry point on the pay scale for bank staff

Anne-Marie Walsh

Demands for pay rises of at least 4pc across the private sector will be considered by senior union leaders today as energy costs soar and the labour market tightens.

The Irish Congress of Trade Unions will discuss surging prices at a meeting before issuing its guidance on wage claims for private sector workers next year.