'Shellshocked and devastated' IBRC staff thought they had years of work left: IBOA

The general secretary of the Irish Bank Officials Association (IBOA) has accused the Government of "shafting" the 1,000 staff at IBRC.

Larry Broderick said IBRC workers faced great uncertainty about their jobs since the overnight liquidation of the bank, and about the terms and conditions that could be attached to new contracts with NAMA.