Siptu and Bord Gáis to strike deal

Siptu’s energy division is expected to hammer out a deal with Bord Gáis Energy to protect their members’ interests as the company is sold to a private consortium led by Centrica.

Siptu and Bord Gáis to strike deal

Siptu and Bord Gáis Eireann are to meet at the Labour Relations Commission on Thursday with few remaining issues to be ironed out. The head of the Siptu’s energy division, Oliver McDonagh said that, although they had reached agreements in relation to workers’ terms, conditions and pensions some workers were still uneasy about moving out of Bord Gáis.

“We are doing the best we can to make sure that terms and conditions of our members are being protected. We have got an agreement on terms and conditions and pensions. Some people will still be seeking redeployment to stay within Bord Gáis,” he said.

It is understood that workers’ pensions will be protected and that those in the defined benefit scheme will continue to receive their benefits from a new pension pot that will be established by the new owners of Bord Gáis Energy.

A spokesperson for the Department of Communications, Energy and Natural resources refused to comment on the talks.

In a separate development the finance director of Centrica, the lead company in the consortium purchasing Bord Gáis Eireann, announced he is leaving the company. Centrica finance director Nick Luff will quit this year to join information group Reed Elsevier, leaving as the energy supplier becomes embroiled in a row over rising bills in Britain.

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