IBRC staff to get additional redundancy payments

Staff at the former Anglo Irish Bank, which is now known as IBRC, are to get additional redundancy payments from a fund set up by the special liquidators.

IBRC staff to get additional redundancy payments

Staff at the former Anglo Irish Bank, which is now known as IBRC, are to get additional redundancy payments from a fund set up by the special liquidators.

The additional payments will only apply to around 400 staff earning less than €120,000.

Employees with less than two years service will get a lump sum of €2,000 each.

Those with between two and ten years service will get a lump sum of €15,000, and workers with service in excess of 10 years will receive €18,000.

more courts articles

Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court
Defendant in Cobh murder case further remanded in custody Defendant in Cobh murder case further remanded in custody

More in this section

The European Central Bank skyscraper in the city of  Frankfurt Main, Germany ECB firmly behind June rate cut but views diverge on July
Tesla cancels its long-promised inexpensive car Tesla cancels its long-promised inexpensive car
Net zero Profits plummet at battery-maker LG Energy amid EV slowdown
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited