Croke Park report will verify substantial savings, says Cody

“Substantial” savings will be verified when the body charged with implementing the Croke Park agreement makes its second annual report next month, the leader of one of the country’s largest public sector unions has forecast.

Speaking at his union’s biennial conference in Killarney, IMPACT general secretary Shay Cody said the savings, which were exceeding Government and troika targets, had so far been achieved mostly from reduced staffing. “But, as the deal approaches its second anniversary, significant cost extraction is also being delivered directly through reforms in organisations large and small.”

Mr Cody said Croke Park measures had directly led to over €680m in payroll and efficiency savings, and cost-avoidance initiatives, in its first year.