Pat Rabbitte (Dublin South West, Labour) | Oireachtas source

I am looking at a note on the voluntary severance package to which I have referred and that will close by year end. The associated costs are forecast at €137 million due to approximately 500 staff exits being anticipated. It is good on the one hand to see a strong Irish multinational State company turning in a strong performance. When the 12 months returns are available they will give less cause for alarm. The Regulator does a very rigorous monitoring and policing job on prices and probably had an eye to the yearly out-turn.

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