Dáil Éireann Debate, Wednesday - 6 March 2013
78. Deputy Patrick Nulty asked the Minister for Finance the number of former Irish Bank Resolution Corporation employees that will be transferred to National Assets Management Agency and when official contact will be made with these workers. [11833/13]
View answerFollowing the liquidation of IBRC, all employment contracts in the Republic of Ireland were terminated and the Special Liquidators have confirmed that unlike in other liquidations, the vast majority of employees have now been re-hired by the special liquidators, for a minimum period of 3 months, to ensure an orderly wind-down of the business. At this early stage of the liquidation process, it is not possible to estimate how many former IBRC staff may transfer to NAMA. I was previously advised by NAMA that it will not have visibility on the portfolio to be acquired until later this year (following the completion of a loans valuation and sales process by the Special Liquidators) and therefore it is premature at this stage to comment on the matters raised by the Deputy.
