Written answers

Tuesday, 7 March 2006

Department of Finance

Semi-State Bodies

11:00 pm

Photo of Paul KehoePaul Kehoe (Wexford, Fine Gael)
Link to this: Individually | In context

Question 265: To ask the Minister for Finance if he will confirm that under the Sugar Bill Act 1991, worker directors were to be retained under the same status as workers of other semi-State bodies, that is, in terms of remuneration; if he is aware that instead their remuneration was reduced; and if he will make a statement on the matter. [8840/06]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context

Section 6 (1) of the Sugar Act 1991, No. 3/91, states:

Every person who immediately before the transfer date was an employee of the Company, shall, on the transfer date, enjoy the same rights (including rights under a pension or superannuation scheme of the Company) and be subject to the same obligations as he enjoyed and was subject to immediately before the said date.

The "transfer" refers to the transfer of shares held by the Minister for Finance in Comhlucht Siúicre Éireann to the holding company established for the purpose of the Act.

The Worker Participation (State Enterprise) Act 1977, No. 6/77, provided for the appointment of worker directors to the boards of various State companies, including Comhlucht Siúicre Éireann. The board of Comhlucht Siúicre Éireann ceased to exist after the sale of the company. The Minister has no function in regard to the remuneration of employees of any private sector company.

Comments

No comments

Log in or join to post a public comment.