Written answers
Thursday, 21 March 2013
Department of Finance
IBRC Liquidation
Eamonn Maloney (Dublin South West, Labour)
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To ask the Minister for Finance if he will provide an update on negotiations between staff of Irish Bank Resolution Corporation and the special liquidator (details supplied); and if he will make a statement on the matter. [13940/13]
Michael Noonan (Limerick City, Fine Gael)
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There is ongoing communication between the employees and the Special Liquidators of IBRC which is not confined to meetings with the IBOA, including the announcement on Tuesday 19 March by the Special Liquidators that contracts of staff would be extended out to 7 August with one month’s notice thereafter. This should provide significant reassurance to IBRC staff relative to the common position in liquidations where staff contracts are terminated on liquidation. I am advised that the Special Liquidators met with the IBOA on Monday 11 March. This was the earliest possible date following the unavoidable postponement of the previously arranged meeting of Wednesday 6 March and the IBOA’s unavailability on Thursday and Friday, 7 and 8 March. The Special Liquidators continue to engage with the IBOA.
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