Govt to sign new share bailout deal for ESB staff

Govt to sign new share bailout deal for ESB staff

The Government is set to sign off on a new share bailout deal worth up to €100m for ESB workers.

The Sunday Business Post reports the ESB gave out the shares to its workers in lieu of pay rises back in 2001, but the promised windfall never came.

Workers complained they were unable to sell their shares due to a lack of demand.

The ESB was forced to fix the problem, with a massive share buyback plan for its current and retired workers.


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