Dáil Éireann Debate, Thursday - 28 February 2013
69. Deputy Dessie Ellis asked the Minister for Finance the terms under which the senior executives of Irish Bank Resolution Corporation are being rehired on short contracts to assist the special liquidator; if the executives are receiving the same monetary terms as their old contracts; and the number being rehired. [10577/13]
Amharc ar fhreagraI am informed that following the appointment of the Special Liquidator, 809 employee contracts were terminated in the Republic of Ireland. 802 employees were re-hired by the Special Liquidators on short term contracts to assist with the liquidation of Irish Bank Resolution Corporation Limited. The 7 employees who were not re-hired held senior positions within the Bank. The Special Liquidators confirmed to the employees who were re-hired (by letter dated 7 February 2013) that their “salary and frequency and method of salary payments” will apply at the same level that was in operation immediately prior to the appointment of the Special Liquidators.
