Seanad debates

Wednesday, 6 February 2013

Irish Bank Resolution Corporation Bill 2013: Committee and Remaining Stages

 

8:00 pm

Photo of Marc MacSharryMarc MacSharry (Fianna Fail) | Oireachtas source

On a similar issue, for the employees who will wake up later this morning to this bad news, as the Minister is no doubt aware there were voluntary schemes available recently within IBRC, particularly the Anglo Irish Bank part of IBRC, and packages offered. In the circumstance that, on the Minister's own admission, this was a prepared situation, albeit abruptly done this evening as a result of the leak, and it was known this was to be done, was provision made to adequately look after those people who would not be employed by NAMA or by the liquidator to carry out these functions under new conditions and contracts? Will there be some form of a scheme to look after those people who will not be re-employed along similar lines to those who have retired or opted for the schemes offered to former Anglo Irish Bank staff over the course of two rounds of redundancies in recent years?

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