Written answers

Thursday, 26 April 2012

Department of Finance

Redundancy Payments

8:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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Question 64: To ask the Minister for Finance if it is appropriate for the National Assets Management Agency to be preventing the implementation of a Labour Court Recommendation resulting in a group of workers formerly employed by a company (details supplied) being denied payment of an enhanced redundancy payment; and if he will make a statement on the matter. [21065/12]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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I am advised by NAMA that it has not received a request from the company in question to fund enhanced redundancy payments in this case. NAMA fully appreciates how difficult the situation is for the people who have lost their jobs. However, it is NAMA policy, in cases where it is requested to approve funding for redundancy, to provide approval only for statutory redundancy payments. I understand that the statutory redundancy has been paid in this case by the company in question out of its own resources.


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