John Perry (Sligo-North Leitrim, Fine Gael) | Oireachtas source

I do not believe it is fully within our capacity. The special liquidation order was made and is no different from any other liquidation. I repeat what the Minister stated in the House. The employees' employment was terminated with immediate effect. The liquidator is the man in charge and he has complete autonomy with regard to the operation of the company, including its selling out over six months. The workers will have the opportunity of employment by the liquidator, who is issuing short-term contracts, and some may also avail of employment in NAMA. I expect the bank's book and assets will be sold, which will provide employment opportunities for staff. They are in receipt of immediate redundancy payments from the liquidation but they will remain in employment for the moment. I am certain that those seeking jobs in the banking sector will be successful. I would not be pessimistic about their opportunities for finding jobs in the future. The State is meeting its obligations under the Act-----

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