Seán Fleming (Laois-Offaly, Fianna Fail)
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To ask the Minister for Finance if employees who are willing to cooperate with the liquidator of Irish Bank Resolution Corporation in liquidation to ensure a satisfactory outcome for the taxpayer will be compensated for their ongoing cooperation by way of making available the previous redundancy programme that existed in the bank prior to the liquidation in view of the fact taht the liquidator can make payment to unsecured creditors whose cooperation is required for a successful conclusion to the process; and if he will make a statement on the matter. [14022/13]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy is aware, following the appointment of the Special Liquidator IBRC employee contracts were terminated in the Republic of Ireland. 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. The vast majority of employees have been re-hired by the Special Liquidators for a minimum period of 3 months to ensure an orderly wind-down of the business. I am sure the staff will continue to work to ensure a satisfactory outcome for Irish taxpayers while they remain in employment under the liquidation process. Furthermore, some staff may, in time, be re-hired by NAMA or other purchasers of the assets. I am informed by the Special Liquidators that there is on-going communication between them and the staff of IBRC to discuss their issues. The Special Liquidators are highly cognisant of the issues that staff and the IBOA have been highlighting and that significant steps have already been taken to address those concerns. The Special Liquidators have advised that they continue to engage with the staff and their representative bodies.