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.

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