Written answers

Thursday, 14 February 2013

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance the number of ex-staff of the Irish Bank Resolution Corporation that have been re-hired by the special liquidator or the National Assets Management Agency [7992/13]

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance the way the percentages of ex-staff in the Irish Bank Resolution Corporation have been re-hired by the special liquidator or the National Assets Management Agency in the following categories, those who were earning less than €100,000; those who were earning between €100,000 and €200,000; those who were earning between €200,000 and €300,000; those who were earning between €300,000 and €400,000; those who were earning between €400,000 and €500,000 and those who earning over €500,000. [8048/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 154 and 159 together.

As the Deputy will be aware, on 7 February 2013 the Oireachtas passed legislation (Irish Bank Resolution Corporation Act 2013), appointing joint Special Liquidators to IBRC with immediate effect to wind up its business and operations.

Following the liquidation, all employment contracts in the Republic of Ireland have been terminated and the Special Liquidators have confirmed that the majority of staff have been re-employed on short term contracts to assist in the liquidation.

The Bank/Special Liquidator is not in a position to provide further information at this point in time.

I thank the Deputy for his understanding in what is a crucial phase in the liquidation.

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance the numbers in each grade, clerical, risk officer, executive and so on, of the staff in Irish Bank Resolution Corporation when it was liquidated.; and if he will make a statement on the matter. [7993/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware, on 7 February 2013 the Oireachtas passed legislation (Irish Bank Resolution Corporation Act 2013), appointing joint Special Liquidators to IBRC with immediate effect to wind up its business and operations. At this early stage of the special liquidation Special Liquidators are engaged in intensive processes which involve inter alia, asserting control over the businesses, processes, systems and personnel of IBRC. It is important that focus is placed on assessing, reorganising and restructuring the day–to-day activities of the Bank to meet the primary objective of ensuring the purpose of the special liquidation is achieved, as this is key to ensuring that value is extracted from the liquidation.

As such the Bank is not in a position to provide the information requested by the Deputy.

I thank the Deputy for his understanding in what is a crucial phase in the liquidation.

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