Clonmel firm Boston Scientific has announced a pay cut for employees to bring it into line with pay structures in its plants elsewhere the country.
It said it would make a once-off compensatory payment to ease the impact on employees.
In a statment, it said the cut involved a 20% premium payment for day shifts.
The company said it is is continually focused on examining its operations and general business activities to identify cost-improvement opportunities to enhance its operational effectiveness and remain competitive in the network.
A recent internal benchmarking exercise revealed a number of differences in elements of labour rates in the Clonmel plant compared to BSC’s other Irish plants.
It continued - “Boston Scientific Clonmel is engaging with employees to reduce shift premiums to align with the organisation’s other two plants located in Galway and Cork.
“The changes include the cessation of 20% premium payments on day shift rosters for employees who rotate across day/evening shifts. This is a legacy arrangement and not sustainable in today’s competitive marketplace. The current 20% premium payments on evening shifts will continue to apply. Changes are also proposed to the basis of overtime calculations.
“Boston Scientific Clonmel offers a highly competitive package to its employees including health care insurance, including partner and family, pension, annual bonus.
“We are committed to continuing to provide a competitive package that recognises employee’s commitment to the Clonmel site and our business, while also ensuring we remain competitive within the industry and sustain continued growth and opportunity at Clonmel.
“BSC Clonmel recognises these proposals will impact on employee earnings and as a goodwill gesture is proposing a one off compensatory payment to affected employees.”