Redundancy package could cost Irish Ferries €20m

THE voluntary redundancy package offered to Irish Ferries’ workers could cost the company €20 million.

Financial experts said depending on how many of the 543 workers on Irish Ferries routes from Dublin to Holyhead and from Rosslare to Pembroke opt for the deal, the company could face a bill of between €10m and €20m.

Staff are being offered a choice of eight weeks’ pay per year of service by Irish Ferries or remaining with the company but on much lower pay and changed working conditions.