Mick Barry (Cork North Central, Anti-Austerity Alliance)
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When Mr. Hernan was in here a couple of weeks ago, it seemed to me from what he was saying that the vast bulk of what I called the cuts and what he called the savings were coming from the workers. He was at pains to deny that was the case. He said that 40% of the costs are labour costs and that 40% of what he described as the savings would come from the labour side of things. He is looking for €12 million worth of labour cost savings. In order for the figures to add up it is being said that there are now €30 million worth of savings overall being looked for. For a company that is losing €9 million, looking for savings of €30 million seems a little over the top.

Have the witnesses seen, or has anyone seen, what the exact breakdown of the €18 million worth of savings over and above the labour cost savings? Would they care to comment on those €18 million savings? Do they believe they are there?