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IBRC Staff

Dáil Éireann Debate, Thursday - 14 February 2013

Thursday, 14 February 2013

Questions (154, 159)

Pearse Doherty

Question:

154. Deputy Pearse Doherty asked the Minister for Finance the number of ex-staff of the Irish Bank Resolution Corporation who have been re-hired by the special liquidator or the National Asset Management Agency. [7992/13]

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Pearse Doherty

Question:

159. Deputy Pearse Doherty asked the Minister for Finance the way the percentages of ex-staff in the Irish Bank Resolution Corporation have been re-hired by the special liquidator or the National Asset Management Agency in the following categories: those who were earning less than €100,000; those who were earning between €100,000 and €200,000; those who were earning between €200,000 and €300,000; those who were earning between €300,000 and €400,000; those who were earning between €400,000 and €500,000; and those who were earning over €500,000. [8048/13]

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Written answers

I propose to take Questions Nos. 154 and 159 together.

As the Deputy will be aware, on 7 February 2013 the Oireachtas passed legislation (Irish Bank Resolution Corporation Act 2013), appointing joint Special Liquidators to IBRC with immediate effect to wind up its business and operations.

Following the liquidation, all employment contracts in the Republic of Ireland have been terminated and the Special Liquidators have confirmed that the majority of staff have been re-employed on short term contracts to assist in the liquidation.

The Bank/Special Liquidator is not in a position to provide further information at this point in time.

I thank the Deputy for his understanding in what is a crucial phase in the liquidation.

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