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Irish Life & Permanent chief executive Kevin Murphy: staff at the Irish Life arm of the company are meeting tomorrow to consider potential strike action. Laura Hutton/Photocall Ireland

Irish Life staff may pursue industrial action over State sell-off

Hundreds of staff will vote tomorrow on whether to take industrial action over the possible breakup and sale of the company.

STAFF OF the state-owned life assurance company Irish Life are to vote tomorrow on whether to pursue industrial action over possible plans to sell or break-up the company.

Staff at the company, which is part of Irish Life & Permanent, fear that the proposed breakup of the institution could threaten their jobs.

The State took full ownership of the institution following the last round of banking stress tests in March, which found that the combined institution – which also includes the retail bank Permanent TSB – needed a further €4bn in state capital.

It is thought that the Irish Life arm of the business – which is considered more profitable than the banking arm – could be sold off in order to recoup the State’s investment.

As a result, trade union UNITE has called a meeting of its staff for tomorrow evening, where workers will be asked to choose on whether staff as a whole should be balloted for potential strike action.

If tomorrow’s meeting agrees to hold a vote, ballot papers will be issued immediately so that a result can be declared by next week.

A UNITE statement said the meeting had been called after management withdrew from negotiations at the Labour Relations Commission.

“The principal issue of greatest concern to staff is the lack of any information on the restructuring of the company in advance of its likely sale,” the statement said.

“This has come to a head through the companies suggested unilateral transferring of employees to a new entity which could take place as soon as the end of this month.”

An officer from the union said staff were being asked to “take a leap off a cliff, on the word of management that are not willing to say where, or even whether, a safety net has been erected”.

Surging loan losses at PTSB drag Irish Life & Permanent results down >

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7 Comments
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    Mute Seamus Larkin
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    Jan 27th 2014, 10:25 PM

    Terrible comments. We should withdraw our aid from this backward regime until it treats all peoples with human rights.

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    Mute Begrudgy
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    Jan 27th 2014, 10:28 PM

    Could say the same about this country.

    85
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    Mute Ryan Ash
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    Jan 27th 2014, 10:56 PM

    @ Begrudgy: For all the criticism of this country, I believe we will be within the first 15 countries in the world to legalise gay marriage in 2015 as well as one of the first to legalise adoption by gay couples.

    That is most definitely a better record on gay rights than Nigeria’s.

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    Mute Marcus power
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    Jan 27th 2014, 11:14 PM

    Ryan. ….I hope we can drop the inappropriate. … and dated moniker “gay ” and start just having adoption and marraige as rights in the societies that we live in as citizens. ..taxpayers and residents. …maybe I’m living in a fools paradise ????

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    Mute Donny White
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    Jan 27th 2014, 10:40 PM

    Considering there are more convicted rapists than open homosexuals in Nigeria, I would respectfully suggest the good doctor address the more systemic and evil of the two issues.

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    Mute hjGfIgAq
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    Jan 27th 2014, 10:24 PM

    Hi everyone,
    If you could be mindful and respectful while leaving comments on this article, it would be much appreciated. We have a comments policy that can be read here: http://www.thejournal.ie/comments-policy/
    Any racist, homophobic or offensive comments will be deleted.
    Thanks in advance,
    Aoife

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    Mute Wallace Friend
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    Jan 27th 2014, 10:35 PM

    You guys are overzealous with your moderation to the point of censorship.

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    Mute Wallace Friend
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    Jan 27th 2014, 10:31 PM

    Whatever happened to freedom of speech? You might not like what they’re saying (and I certainly don’t!) but they do have the right to say it!

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    Mute Colm Durkan
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    Jan 27th 2014, 10:37 PM

    No, you don’t have the right to publicly say that homosexuality is the same as paedophilia.

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    Mute Wallace Friend
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    Jan 27th 2014, 10:42 PM

    Why?

    I’m not saying I agree there exists such a link, but who are you to censor anyone else saying as they please?

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    Mute Buster Ó Briain
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    Jan 27th 2014, 10:53 PM

    They can say what they want, and we have the right to criticise it.

    Having the right to say something doesn’t make it exempt from criticism.

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    Mute Ryan Ash
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    Jan 27th 2014, 11:05 PM

    @ Wallace: I don’t see anyone seeking to stop the Ambassador’s right to free speech. Merely he is being attacked and criticised for making such an invalid, untrue and hurtful comparison.

    @ Everyone:

    Normally I am not a fan of his, but I think Noel Whelan summed it up pretty well at the weekend in his Irish Times article:

    “Many liberals seem to be afraid to let a conservative position be heard in the debate. Do they lack confidence in their own ability to counter it? It is worrying at this important moment, a year out from when the people will directly decide on the issue, that a pattern has already developed of seeking to edit out opposing views rather than confront and defeat them.”

    http://www.irishtimes.com/news/politics/readiness-to-hurl-the-word-homophobe-may-not-help-the-liberal-reform-agenda-1.1667387

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    Mute Garáiste Ó Churáinn-Seisean
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    Jan 27th 2014, 11:07 PM

    Metro Eireann showed poor judgement giving this man an award . Perhaps they should have considered honouring that gay Kenyan writer Ken Binyavanga Wainaina who came out in the past few weeks in a country that being gay is illegal . Countries who have human rights issues whatever the discrimination should have sanctions placed on aid

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    Mute Martin Ryan
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    Jan 27th 2014, 11:16 PM

    That would be most countries worldwide so can’t see it working somehow.

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    Mute Sammy Sausages
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    Jan 27th 2014, 10:49 PM

    I don’t like what he said but I’m not a fan of censorship either (or sending solicitor’s letters to gag people)….. I certainly don’t think this Governor should be in line for any type of an award with such an inhumane view of gay people.

    It’s easy to cater to populist opinions in your country, but it takes bravery and strength of character to say what is right.

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