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UP TO 400 staff at the former Irish Banking Resolution Corporation will miss out on improved termination terms because they left the organisation too early.
A communication from Labour Relations Commission chief Kieran Mulvey to former staff at IBRC, seen by TheJournal.ie, confirms those who resigned or left the company will miss out on the deal.
It states:
The best proposal I could achieve is a termination payment for staff who see out their contracts with the Special Liquidator. On this basis, unfortunately, those staff who have left or resigned are not eligible for this payment.
Essentially, this means that unless a staff member at IBRC sees out their contract or is told by the liquidator they can leave, they will only be entitled to statutory redundancy and not the improved package negotiated by the LRC last month.
Many of those affected were among the lower-paid employees at IBRC.
‘A kick in the teeth’
A former member of staff, who was at Anglo before moving to IBRC, and spoke to TheJournal.ie on the condition of anonymity, said:
“It’s a kick in the teeth for those who had no option but to leave. We were on month-to-month contracts and we didn’t know if we were going to be retained. It was a no-brainer if a better offer came along.”
“Staff were offered zero incentive to stay, having previously made the decision to assist in the wind down only for the guarantee of a redundancy to be taken away mercilessly.”
Legal challenge
The reason for this, according to the IBOA, is because creditors of the IBRC could legally pursue payments made to those who left early.
IBOA said that Finance Minister Michael Noonan made clear that enhanced redundancy payments could not be made to these people because:
“This would leave open a potential legal challenge from creditors over the use of assets secured through the liquidation.”
The IBOA said that in this context, the deal that was struck is “a positive and welcome resolution for Union members who remain in IBCRC in Special Liquidation.”
Under the terms, staff at IBRC will receive payments of between €2,000 and €18,000 on a sliding scale, depending how long they were at the organisation, Irish Nationwide or Anglo Irish Bank the two bodies that were rolled together to make IBRC.
A source close to the negotiation process said: “It is incredibly unjust and hard on those who did not get it. It wasn’t the union’s position, but when a mediator says ‘this is the only situation I can achieve’, they have to put it to members to vote.”
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long ball from Randolph sealed the deal
In fairness to him he saw Long on the move.
A tactic invented by Charlton et al in 1986 I believe
Sorry mate he is on loan with west ham from the mighty Birmingham fc fab goal keeper. i have being saying it for years. he played a stormer tonight.
I really hope the Dublin Fire brigade were being sarcastic!! Could have been something serious lol…
No he went on a free transfer after his contract expired at Birmingham
I’m still buzzing, we are going to top the group, we are going to top the group, yer hardly going to believe it, we are going to top the group!!!!!
Can we not leave politics out of sport? Tonight is about our heros on the pitch, not about some muppet in the Dail
I was going to make the same point. Every story doesn’t have to be linked back to the govt, or having a go at them. Enjoy the victory ffs and leave the political yarn for some relevant story
@COYBIG Shane Long: Irish hurdles champ 2002. Fast feet and coordination!
Ah that’s how I know him, and all Ireland high jump champ u14 1998
His first touch was sloppy, he’s second touch was class.
Congrats to the team and to Tipperary man Shane Long for the wonderful goal
Spare a thought for Jack Grealish’s Twitter feed as it melts itself asunder at this time. #COYBIG
You’re right, he got very lucky with the left knee control but what a finish.
@stephen and Paul Compton The first touch was brilliant and made the goal. If he didn’t go at that with his left knee it would have bounced up and slowed his stride. Class touch and class finish
Are you really suggesting he ment that with his knee
I’m saying he knew he had to the a touch on it to keep it in his stride before it bounced up. It was a brilliant piece of improvisation and he made his own luck, class
Harrington and Lowry flying th flag for Ireland in the golf this week, long makes headlines around the world for Irish football, let’s hope we pull of a win against the French Sunday in the rugby :)
we’ll do it…
sorry. that sounded a bit limp. WE’LL DO IT..COME ON IRELAND!! DOWN TOOLS, THE WHOLE COUNTRY..IN BEHIND US AGAINST FRANCE AND POLAND… LETS GO!
F… golf
At work in Canada can’t believe we beat ze Germans!!! Can’t wait to watch the highlights later :) COYBIG!
Think the @gardatraffic tweet deserves a mention:
@GardaTraffic: Ireland pass the German test with zero emissions…Take time leaving,listen to stewards&Gardaí, and safe home to all http://t.co/zLUfOYyf59
so LONG, farewell, auf wiedersehen, goodnight..
O’Neill boys done well tonight not bad for to lads that come from 25 miles apart that both played GAA
Great night for the Irish
Which two lads? Long and…. ?
The gouch to start on Sunday
oNeill and oNeil I think he means
Long and Randolph
Ah of course
Coybig!!!!!
Does anyone else hate this phrase COYBIG or COYBIB etc. Or is it just me?
Meeeowwww
That is true,y awful, an abomination if you will
Still a long way to go…we should do our very best to beat Poland and qualify automatically. Just worried we might get a tough opponent in the play offs. Still this was an amazing victory and night for Irish football, lots of positives to be taken from our performance as well.
What did Merkel Tweet??? lol.
More cuts.
A thousand cuts… lol
Coppers??
Sunday should be interesting,dare to dream
ye can have me vote. I’m off ta France. ! goo on ya boy ya!
Shane Long can sire the kids. No fubin bother!
Both O Neills did the business tonight funnily enough
Take that Angela. #coybig
Rumour has it Enda was up for Germany and tang Angela to apologise.
*rang
Dundalk to win the League at Tallaght on Friday – what a week-end.
Hopefully, if we qualify, by the time the euros come around everybody will have forgotten how rotten to its core football has become and we can pretend all is well with the sport.
thats a boy Sean…positivety.
Like many other sports sean, n it’s the guys running things with the real power and real money that make some sports rotten to the core! Doesn’t mean that the genuine punter shouldn’t enjoy whatever good comes there way. When final whistle went tonight my mood certainly wasn’t diminished by thinking of sepp f#%{ing blatter! Nor will I have some kind of moral dilemma if Ireland do qualify. If they do I think I’ll sit back n enjoy it.
Very proud,well done lads. Be some weekend I we beat both France and Poland. COYBIG
Ireland winning and Sevco 5088/the ranger’s international football club 2012
about to go bust….happy days coybig
enda would want to learn to spell first. elect him? I’d have his baby after that result!!!
Was Enda playing?…… perhaps you need glasses and a hearing aid.
The leader of our country can’t even spell world. That says it all really
Good win but still pure shit football.
What!
You’re shit
Tim the turd.
he’s right of course, but feck it at least we won
Tim you’re a tit. Ireland were fantastic. Best football they’ve played in 2 yrs. Granted Germany had most possession but were forced to LONG shots. Get a grip and enjoy it.
Roll on Sunday
don’t take your eye of the ball lads that yoke does not deserve the title of being called a man well done ireland
Jeeez Enda Angela will not be pleased with you now :-) the country is on a high best call that election now.
Well done you boys in green. Maybe Angela will tell Adidas to stop supporting Sepp Blatter and doing even more damage to Germany’s reputation…!
Why do people (saps) always bring politics into everything!! Lovely weather today, yeah no thanks to Enda????
Nice to see Merkels Muppets lose!
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