National Assets Managment Agency. A "bad bank" created by the government in 2009. It will take over property development loans from banks in return for government bonds.
Finance Minister Michael Noonan said there will be no further discussions with three members of staff who refused to waive 15 per cent of their salaries.
Finance Minister Michael Noonan had asked the 13 staff earning over €200,000 at the National Treasury Management Agency to continue voluntary pay cuts this year but some have refused.
The Irish Bank Officials Association is now telling its members at IBRC to cooperate with NAMA if they are interested in roles there having previously said it was “imperative” that they did not cooperate.
Staff at the former Anglo Irish Bank have seen previously agreed redundancy packages invalidated following the dramatic liquidation of the financial institution in February.
The Irish Bank Officials Association has told IBRC workers not to cooperate with NAMA amid an ongoing dispute over redundancy terms for workers at the liquidated bank.
The Finance Minister said that “insofar as we can” the interests of staff at the bank would be looked out as some 800 employees face uncertainty following the liquidation of the bank last week.
Despite demand being at an all-time high, funding for social housing has almost disappeared. If we commence building and utilise NAMA properties we can reduce waiting lists and stimulate the construction industry, writes Donal McManus.
Rental rates in Dublin, Cork and Galway saw a second consecutive year of growth as a result of a shortage of accommodation in Ireland’s largest cities, the report reveals.
TDs will reconvene after 10pm tonight to discuss plans to transfer IBRC’s assets to NAMA – as part of a deal to replace the promissory notes with long-term Government bonds.
FRANCE HAS BECOME the 14th country to legalise same-sex marriage after President Francois Hollande signed the measure into law today following months of bitter political debate.
In Ireland last month, 79 per cent of delegates at the Constitutional Convention voted in favour of same-sex marriage but the Government will hold off on a referendum until next year despite the overwhelming support.
It comes two years after the legalisation of Civil Partnership.
Is another year too long for a referendum on gay marriage? Or, are you opposed to the idea entirely?
So today, we want to know what do you think. Would you welcome the legalisation of same-sex marriage in Ireland today, similar to France?
Cloudy, rain and drizzle in the p.m.
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Min: 9 °C
Partly sunny
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Nice with periods of clouds and sunshine
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Min: 9 °C
