Dáil Éireann Debate, Tuesday - 25 March 2014
243. Deputy Andrew Doyle asked the Minister for Finance the position regarding the staff at the Irish Bank Resolution Corporation, specifically the terms of contracts under which they are being employed; the number of employees that have left the IBRC since the appointment of the special liquidators; and if he will make a statement on the matter. [13602/14]
View answerI have been advised by the Special Liquidators that the terms of contracts under which people are employed are similar to those terms that applied prior to the appointment of the Special Liquidators with the following exceptions;
- All ROI employees were made redundant on the date of the appointment of the Special Liquidator (07 Feb 2013) and were immediately rehired on similar terms on a temporary basis with one months notice; and
- Permanent Health Insurance and Enhanced Maternity Pay were subsequently discontinued.
I am advised that there has been no change to the contracts of employment of UK and Northern Ireland employees other than that all are on notice of redundancy to take effect on 31 July 2014.
A total of 564 employees have left, or will have left IBRC in the period since the appointment of the Special Liquidators up to 31 March 2014.
