Dáil Éireann Debate, Wednesday - 20 February 2013
96. Deputy Peter Mathews asked the Minister for Finance the steps he will take to restore the value of the severance terms previously agreed to for Irish Bank Resolution Corporation employees; and if he will make a statement on the matter. [9138/13]
View answer99. Deputy Stephen S. Donnelly asked the Minister for Finance if a person (details supplied) or any of the senior executives of Irish bank Resolution Corporation will receive any payments of benefits above that allowed by the statutory redundancy payment as prescribed by statute, following the liquidation of IBRC and the termination of their contracts; and if he will make a statement on the matter. [9172/13]
101. Deputy Billy Timmins asked the Minister for Finance the position regarding an employee (details supplied) of Irish Bank Resolution Corporation now in special liquidation in relating to their request that he take steps to restore the value of the severance terms previously; and if he will make a statement on the matter. [9207/13]
View answer102. Deputy Clare Daly asked the Minister for Finance the steps he proposes to take to ensure that Irish Bank Resolution Corporation employees receive the four weeks salary for each year of service in redundancy payments as they were promised and that service accrued while working for the liquidator would count as reckonable service for redundancy purposes. [9211/13]
View answerI propose to take Questions Nos. 96, 99, 101 and 102 together.
Following the liquidation, all employment contracts in the Republic of Ireland have been terminated, including those of the former senior executives.
The special liquidators have confirmed that the majority of staff, including some senior staff, have been re-employed on short term contracts to assist in the liquidation.
Where relevant, all staff are entitled to apply for a statutory redundancy payment, a payment in respect of accrued but unused annual leave and a statutory notice payment, subject to the limits prescribed by statute.
I am advised by the Special Liquidators that claims over and above that described above will rank as an unsecured claim in the liquidation process.
