Oireachtas Joint and Select Committees

Wednesday, 22 May 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach

2:20 pm

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

The reason I am pressing the point is that the St. Andrews Agreement makes the Irish Government a key partner. It is important that we emphasise and press the point to ensure there is full implementation.

With regard to the Clearing House Group, there is a target of 10,000 net new jobs in the financial services sector mentioned in the briefing document we received. Paragraph 10 refers to Capita doubling its workforce by 800. Will Mr. Fraser confirm that most, if not all, of the jobs will be replacement jobs for the IBRC workers? Will former IBRC workers be employed? There was major concern about the position of the workers when Anglo Irish Bank was wound down which occurred through no fault of their own. Are most of them former Anglo Irish Bank workers? If they are former Anglo Irish Bank workers moving to a new company, their conditions of employment will not be guaranteed. Is that correct?

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