Brian Walsh (Galway West, Fine Gael)
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To ask the Minister for Finance the number of persons currently employed by the Irish Bank Resolution Corporation; the cost to the taxpayer of the proposed post-liquidation statutory redundancy in respect of those employees; and the cost of the redundancy package previously offered to staff. [13470/13]

Michael Noonan (Limerick City, Fine Gael)
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I have been advised that at the date of the appointment of the Special Liquidators there were 978 people employed by IBRC. As the Deputy is aware, following the appointment of the Special Liquidators 809 employment contracts in the Republic of Ireland were terminated and 802 of these employees were re-hired by the Special Liquidators to assist with the liquidation of IBRC.

As a result of the termination of the employment contracts, employees are entitled to apply for a statutory redundancy payment and a statutory notice payment, subject to the limits prescribed by statute. Any action taken by the Minister which might divert assets from IBRC creditors to employees could be challenged in the Courts. I have been advised by the special liquidators that any voluntary severance scheme that was in place prior to liquidation is no longer operational.

As the Deputy can appreciate it will take some time to process the forms associated with the above payments and therefore it will be some time before the Special Liquidators will be in a position to provide the information requested.