Seanad debates

Wednesday, 6 February 2013

Irish Bank Resolution Corporation Bill 2013: Committee and Remaining Stages

 

8:00 pm

Photo of Paschal MooneyPaschal Mooney (Fianna Fail) | Oireachtas source

Regarding the 850 staff, as the Minister pointed out, when liquidations happen they happen with immediate effect and pay, salaries, all of the conditions and everything in the contract of employment terminates. The question does not appear to have been asked, or it may have been asked in a different context, but what happens the existing employees as of tomorrow in terms of any moneys they are owed by IBRC-----

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