Banks Restructuring

Dáil Éireann Debate, Thursday - 21 July 2011

Thursday, 21 July 2011

Questions (100)

Pearse Doherty

Question:

99 Deputy Pearse Doherty asked the Minister for Finance the position regarding his negotiations with AIB about the broad parameters for AIB’s upcoming redundancy packages; if he is close to agreeing the maximum amount that AIB can agree to pay redundant workers; if he received a second set of proposals from AIB and has he given the bank his verdict on those; when he expects such an agreement to be reached; if he will confirm if he will sanction AIB paying the banking industry norm of six weeks per year of service; if he will offer any view on the maximum package that would be more appropriate; and if he will make a statement on the matter. [22275/11]

Written answers

Minister for Finance (Deputy Michael Noonan)

As I indicated in my reply to parliamentary question No. 57 of 5 July 2011 on the matter of redundancies in the banking sector, discussions with the affected covered institutions are on-going. The Deputy will appreciate that negotiations on these matters have great sensitivity attached to them and public disclosure of positions are not usually helpful in arriving at mutually acceptable conclusions that take in to account the interests and concerns of all parties.