Oireachtas Joint and Select Committees
Thursday, 20 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion
2:15 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
As I understand it, what the witnesses are saying is that the €1.1 billion was necessary to facilitate the voluntary redundancy of approximately 2,500 staff. Is it the case that, had the State not rescued the bank, these people would not have received voluntary redundancy packages?
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