Anglo Irish Revolt




Citixenx writes:

“Hundreds of IBRC staff attend IBOA meeting right now.”



Anon writes:

Hi, I am a staff member at IBRC. I am sending you the below information regarding the staff grievances. Please feel free to reproduce.


In September 2011 an agreed redundancy package was signed off by the Bank and Government (with the input and agreement of the IBOA).
The headline terms of this redundancy package were four weeks’ base pay per year of service (inclusive of statutory redundancy entitlement);
It is envisaged that the above terms will apply in respect of redundancies made by the Bank over the next 5 years, subject to an annual review and on the basis that there is no unforeseen budgetary deterioration.
In the event that compulsory redundancies become necessary, it is proposed that the terms set out above will apply to any such redundancies.
As part of this package there were limitations around the areas within the Bank which were restricted from applying for this package as certain areas were seen as critical to the wind down programme for the Bank.
My department, which manages the loans was excluded. However, We took comfort from the clause which states that should compulsory redundancies be necessary that the terms of the voluntary redundancy scheme would apply.
Also Based on anecdotal evidence it looks like the State does not want IBRC losing critical people at this point. They will discard staff when they need to.

Please also see (below) a response from a recruitment agent to staff member at IBRC. Names have been removed:

Subject: RE: Job Application: BUSINESS ANALYST Applicant Name: . Your Ref:

Unfortunately the role you have applied for is with AIB and they will not accept any CV’s from us at the moment from IBRC employees.

Maybe you could apply direct.