Pearse Doherty (Donegal South West, Sinn Fein)
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Question 99: To ask the Minister for Finance the position regarding his negotiations with AIB about the broad parameters for AIB's upcoming redundancy packages; if he is close to agreeing the maximum amount that AIB can agree to pay redundant workers; if he received a second set of proposals from AIB and has he given the bank his verdict on those; when he expects such an agreement to be reached; if he will confirm if he will sanction AIB paying the banking industry norm of six weeks per year of service; if he will offer any view on the maximum package that would be more appropriate; and if he will make a statement on the matter. [22275/11]

Michael Noonan (Limerick City, Fine Gael)
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As I indicated in my reply to a parliamentary question of 5 July 2011 (ref no 18567/11) on the matter of redundancies in the banking sector, discussions with the affected covered institutions are on-going. The Deputy will appreciate that negotiations on these matters have great sensitivity attached to them and public disclosure of positions are not usually helpful in arriving at mutually acceptable conclusions that take in to account the interests and concerns of all parties.