Eamonn Maloney (Dublin South West, Labour)
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83. To ask the Minister for Finance the current position of the Irish Bank Resolution Corporation staff; the plans for staff not being retained after 7 August; and if he will make a statement on the matter. [23988/13]

Michael Noonan (Limerick City, Fine Gael)
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While the Special Liquidators have indicated that they cannot provide any specific information on the retention of staff beyond the 7th August they can confirm that information in relation to the timetable regarding the valuation and subsequent sale of assets was communicated to IBRC staff on the 17th May. The Special Liquidators have been asked to ensure that the valuation of the assets is completed by the 30th November 2013. Additionally, the Special Liquidators are required to ensure that the sale of the assets are agreed or completed by the 31st Dec 2013 or as soon as practicable thereafter. I have been advised that the Special Liquidators, in order to provide additional comfort to IBRC staff about the duration of their employment with IBRC in Special Liquidation, have committed to talking to employees individually or in small groups within the next 10 days in order to provide clarity on the duration of their contracts with IBRC in Special Liquidation.