John McGuinness (Carlow-Kilkenny, Fianna Fail)
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Question 175: To ask the Minister for Agriculture and Food, further to a previous parliamentary question regarding the pension fund at Greencore, her views on the issues raised in view of the fact that a deal has been struck with the EU; and if she will make a statement on the matter. [37448/05]

Mary Coughlan (Donegal South West, Fianna Fail)
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The sugar reform package agreed by the Council of Agriculture Ministers last week includes a voluntary restructuring scheme to encourage sugar factory closures and the renunciation of sugar quota. In the event that sugar production ceases in Ireland, the restructuring fund would provide compensation for the economic, social and environmental costs involved. At least 10% of the fund would be used to compensate sugar beet growers and machinery contractors notably for losses arising from investment in specialised machinery. This amount may be increased by member states after consultation of interested parties as long as the financial breakdown of the elements of the restructuring plan is kept balanced according to a sound economic proposal.

The formal legal texts giving effect to the reform agreement will be adopted by the Council of Ministers early next year after the opinion of the European Parliament has been received. The Commission will then come forward with proposals for detailed implementing regulations. It is my intention to examine all aspects of the operation of the restructuring scheme at that stage.