Brendan Griffin (Kerry South, Fine Gael)
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103. To ask the Minister for Jobs, Enterprise and Innovation the position regarding the protection of jobs at a company (details supplied); the actions he proposes to assist the staff, who are very concerned for the future of the organisation and their jobs; and if he will make a statement on the matter. [15813/14]

Richard Bruton (Dublin North Central, Fine Gael)
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I refer the Deputy to my previous answers in relation to this issue, on Wednesday 12 March 2014, to Dáil Questions Nos. 80 and 83 and on Thursday, 13th March, 2014, to Dáil Questions Nos. 88 and 91.

As I outlined in these replies, Examinership allows for the rescue of companies that find themselves insolvent but have the potential to return to financial viability and continue in operation into the future. The key feature of the process is a period of court protection, lasting up to 100 days, during which, no one may institute proceedings against the company or petition for the company to be wound up.

The Examiner uses this time to devise a scheme of arrangement, in consultation with creditors, the company management, potential investors and any other parties that would be affected by that scheme. The scheme of arrangement is then put to the court. If a majority of the company's creditors agree and the court approves, it becomes binding.

The Examinership process for the company in question is ongoing and the Examiner has not concluded this judicial process. As Minister, I have no function in this process.