€4,000 sale payment for Bord Gáis staff

Bord Gáis Energy workers are expected to be offered an average once-off compensation payment of €4,000 depending on their length of service and involvement with the company’s employee share ownership plan, as part of the company’s sale terms.

It is understood that the company’s 450 employees will be briefed regarding their full terms and entitlements in a series of staff consultations this week. A staff ballot will then be held, the results of which should be known before the end of this month.

The €1.12bn sale of the retail division was announced in December, a fortnight after the Government had rejected bids on the basis of them being too low in value.