Oireachtas Joint and Select Committees
Wednesday, 1 December 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Withdrawal from Irish Banking Market: Engagement with KBC
Marie Sherlock (Labour) | Oireachtas source
Mr. Blažek has given his perspective. To me, it seems somewhat hypocritical given that as I understand, the bank has an international code of conduct that refers to the right of suppliers to the bank to be recognised for collective bargaining purposes, yet that inconsistency with regard to its treatment of its Irish staff remains.
Mr. Blažek spoke about the results, which, of course, are probably the most crucial matter here. I understand there are outstanding concerns with regard to the treatment of the pension fund in particular, because it is a defined benefit, DB, fund. Deputy Mairéad Farrell raised some of these points earlier. The trade union has expressed concerns regarding the pension fund, and there is concern also regarding fixed-term contractors and how they will be dealt with for the purposes of redundancy. How does the bank propose to deal with that? I understand letters may have been sent from the Workplace Relations Commission or the Labour Court. Has the bank received those letters? Will it engage with the institutions to clarify for a large share of its workforce, represented by the union, these matters relating to pensions and other issues?
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