€5.5m set aside for IBRC staff
Following consultation with the bank workers' union the IBOA, the special liquidator Kieran Wallace, and the Labour Relations Commission chief executive Kieran Mulvey, workers with 2 to 10 years service will receive €15,000 while workers with longer periods of service would receive a terminationpayment of €18,000
The IBOA are hoping to ballot members early next week on whether or not to accept the deal. The payments will be supplementary to statutory redundancy payments and available to all staff earning less than €120,000.
