Tag Archives: Redundancy

This morning.

Dublin Castle. Dublin 2

Tanaiste and Fine Gael Minister for Enterprise, Trade and Employment, Leo Varadkar with Fianna Fail Minister for Public Expenditure and Reform Michael McGrath and Minister of Justice, Social Protection, Community and Rural Development, Heather Humphreys speak to the media  following a cabinet meeting.

Via RTÉ:

The rules around employee rights changed during Covid-19 when, in March 2020, the Government introduced emergency measures in response to the pandemic.

It meant workers who were temporarily laid off or put on short time hours because of Covid-19 were not allowed to claim redundancy.

The department said this rule was introduced to “reduce the pressure on employers who were already struggling and to reduce the number of insolvencies and permanent job losses over the course of the pandemic”.

That rule will be suspended at the end of this month.

He said they estimate this redundancy scheme will cost between €30 to €130 million over the next three years as it will continue until 2024.

He said every candidate can receive up to €1,860 under this statutory redundancy.

He also said it is impossible to estimate how many redundancies will happen over the coming months following today’s decision.

Redundancy scheme to ensure workers ‘not out of pocket’ (RTÉ)

RollingNews

On January 12, applications close for IBRC’s [Anglo’s] severance programme. Departing workers will receive four weeks’ pay per year of service including statutory pay. Though the offer is a substantial drop from the six weeks package on offer in 2009, interest is expected to be high. IBRC is targeting 350 redundancies. The package was rubberstamped by the Department of Finance, and it is pretty clear that it will be a benchmark for future redundancy packages.

Brian Carey, Sunday Times (behind paywall)