Patrick Nulty (Dublin West, Labour)
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To ask the Minister for Finance if he will meet directly with the Irish Bank Officials Association representing Irish Bank Resolution Corporation workers with regard to the plight of these workers. [11832/13]

Michael Noonan (Limerick City, Fine Gael)
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The abruptness of the decisions taken on the 6th and 7th February and how it was communicated was regrettable but was unavoidable given the scale, sensitivity and complexity of the economic issues involved. I acknowledge the significant efforts and commitment made by the staff in IBRC over the past few difficult years whilst the bank was in wind down and the difficulties that arise for staff as a result of the liquidation but that it was necessary to take the decision to liquidate IBRC in the larger public interest. I can advise the Deputy that officials within my Department met with the IBOA last month and issues surrounding the status of the employees of the IBRC (in liquidation) were discussed. The special liquidator has advised that there is ongoing interaction between the IBOA and the Special Liquidators. The Special Liquidators are highly cognisant of the issues that the IBOA have been highlighting and that significant steps have already been taken to address those concerns including the confirmation that no further staff would be terminated in the first 3 months of the liquidation.

Patrick Nulty (Dublin West, Labour)
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To ask the Minister for Finance the number of former Irish Bank Resolution Corporation employees that will be transferred to National Assets Management Agency and when official contact will be made with these workers. [11833/13]

Michael Noonan (Limerick City, Fine Gael)
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Following the liquidation of IBRC, all employment contracts in the Republic of Ireland were terminated and the Special Liquidators have confirmed that unlike in other liquidations, the vast majority of employees have now been re-hired by the special liquidators, for a minimum period of 3 months, to ensure an orderly wind-down of the business. At this early stage of the liquidation process, it is not possible to estimate how many former IBRC staff may transfer to NAMA. I was previously advised by NAMA that it will not have visibility on the portfolio to be acquired until later this year (following the completion of a loans valuation and sales process by the Special Liquidators) and therefore it is premature at this stage to comment on the matters raised by the Deputy.