IBRC staff to be balloted for action

Workers at IBRC may delay the disposal of the financial institution’s remaining assets unless they are given the redundancy terms that were on offer just over a year ago.

Workers’ union IBOA is holding a “consultative” ballot of its just over 100 members in IBRC, to establish whether they are willing to take the action. According to the trade union, workers who chose to take redundancy up to 14 months ago received four weeks’ pay per year of service.

However, when the wind-down of IBRC was accelerated in February of last year, the terms were cut to the statutory two weeks’ pay per year of service.