Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

In the morning, the same person will be in communication with the staff. I understand the channel will be through the head of human resources, if that person is available in the morning. However, we are not acting on the spur of the moment. The negotiations have gone on for a very long time and it always was envisaged that this course of action would be the first step. Consequently, the KPMG team is well aware of the responsibilities it will be expected to carry out and it has planned for them. As I indicated, employment will be offered to a majority of the staff by the liquidator and there will be further vacancies for staff with particular expertise - I do not know in what numbers- for NAMA, when that agency subsequently acquires the assets.

On Deputy Mattie McGrath's question, there is no need to protect ongoing legal cases, if that is the point the Deputy is making.

See this speech in context