Dáil Éireann Debate, Thursday - 1 May 2014
39. Deputy Stephen S. Donnelly asked the Minister for Finance further to the statement by the special liquidators of Irish Bank Resolution Corporation on 25 April 2014 in which they stated a sum of money will be set aside to facilitate the provision of termination payments to certain IBRC employees who were employed by IBRC on 7 February 2013, if he will confirm the sum of money in question; and if he will make a statement on the matter. [19747/14]
View answerI understand that the Special Liquidators have set aside a sum of €5.5 million to facilitate the termination payments recommended by Mr. Kieran Mulvey of the Labour Relations Commission. I am advised that under the recommendation the majority of staff who were employed by IBRC on 7 February 2013 and who remained in employment until their contracts of employment were terminated by the Special Liquidators will receive a payment. Full details of the recommendation can be found on the IBOA website.
