Dáil Éireann Debate, Thursday - 28 February 2013
51. Deputy Brian Stanley asked the Minister for Finance the number of Irish Bank Resolution Corporation staff in the North of Ireland and other jurisdictions who have been made redundant, by region, and the numbers re-hired, by region. [10580/13]
View answerI am advised that as a result of the appointment of the Special Liquidators, only employment contracts in the Republic of Ireland were terminated. I am further advised that some staff were employees of subsidiaries not initially directly affected by the liquidation. The Special Liquidators are establishing the composition and ownership structure of the subsidiaries, of which there are nearly 300. However, no entities other than the Bank were specific parties to the special liquidation order of 7 February last. The remaining subsidiaries will be wound up or sold by the Special Liquidators to optimise value. Once all of its obligations are resolved, IBRC will cease to exist.
