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IBRC staff threaten strike action

Monday, March 04 17:06:35

Workers in IBRC voted overwhelmingly to take industrial action if necessary over the liquidation of the bank and its move to NAMA.

The result of IBOA's ballot was communicated to all workers today. Hundreds of staff met in IBOA's offices today as well as dialling in from offices in London, Belfast, Cork, Limerick, Waterford and Galway.

" The Minister and the Liquidator should take note of this show of solidarity and strength today that workers will stand by each other and stand up for each other. IBRC workers want to support the taxpayer by capturing the value of IBRC's assets. However, the commitments that the Government made to staff must be honoured", said IBOA General Secretary, Larry Broderick.

"Staff are clearly saying this liquidation may have been necessary to reach a deal on promissory notes but it was not necessary to liquidate staff's rights and agreements into the bargain. The legislation gives the Minister the power to undo this injustice and we are saying very clearly today that he must undo the injustice so that this wind down can be as advantageous to the taxpayer as it can be."

The Union is due to meet the Liquidator this coming Wednesday and will make the strength of feeling expressed today known to him formally at that meeting.