Worker participation in company profits
Noonan proposed share options so workers could benefit from profitable companies alongside low wage increases. The Taoiseach supported the idea but acknowledged limited progress, while Members disputed whether existing incentives were adequate.
(Limerick East): I am sure the Taoiseach will agree it is in everybody's interest that low nominal wages negotiated will lead to actual increases and rewards for everybody at work. Taking into account the high profitability of some companies, will the Taoiseach seek to bring to the negotiating table schemes where workers could acquire share options and share in the profits of highly profitable companies so that low nominal wages will lead to significant rewards for all workers? Will the Taoiseach take that up with the employers and the union side as part of the renegotiation programme?
Comment on this
I am all in favour of that. As the Deputy knows, we have some encouragement and incentives for that sort of development, but I must acknowledge there has been no great movement.