Seán Crowe (Dublin South West, Sinn Fein)
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Question 44: To ask the Minister for Finance if he will give a commitment to staff currently employed at Permanent TSB that their jobs will be protected as part of any future sale or merger of the company. [5665/12]

Michael Noonan (Limerick City, Fine Gael)
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Discussions are on-going in relation to the restructuring of Permanent TSB and it would not be appropriate at this time to speculate as to what impact this may have on staff in the institution. However, as I have stated previously, the Deputy will appreciate that it is an inevitable, but unfortunate, consequence of the necessary restructuring of the banking system that job losses will arise.