Seanad debates
Thursday, 8 March 2012
Order of Business
10:30 am
Paul Coghlan (Fine Gael)
This morning's newspaper headline that 2,500 people will be asked to leave one banking institution either by voluntary or forced redundancy is frightening. Who decides? Hopefully nothing is happening without proper consultation. The Minister for Finance, Deputy Noonan, has been very clear about a proper clearout - which may not be fully completed - at board level and senior management level in all the banks. We must remind ourselves that there is a necessary fitness and probity test for all these people. I do not believe that exercise is yet complete. I do not want see a single person forced to leave a banking institution. As the acting leader of the Opposition said, none of these 2,500 people got us into the mess in which we find ourselves.
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