Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
THE THREAT OF strike action by lower-paid workers at the Irish Banking Resolution Corporation looks to have been avoided after a deal was struck on redundancy payments by the Labour Relations Commission.
It is understood that the the deal will see payments of €18,000 to staff that had been with the company for 10 years or more.
Staff with between two and ten years of service will receive €15,000, while those with less than 2 years service are in line for a payment of €2,000.
The deal applies to lower paid workers earning less than €120,000 per year in the IBRC, which was formed by a merger of Anglo Irish Bank and Irish Nationwide Building Society.
The average wage of the workers in question is understood to be around €40,000 to €45,000 per year.
The IBOA had threatened industrial action by staff at IBRC as recently as last month as negotiations between the Department of Finance and the Labour Relations Commission stagnated.
The recommendation on severance levels will be issued by the LRC chief Kieran Mulvey today, and will then be voted on by the workers affected. The IBRC committee within the IBOA will give a recommendation on whether to accept the severance or not.
At this stage it is thought that the workers will be urged to accept the plan.
A source close to the process said: “A lot of the members would regard this as a reasonable attempt to bridge the gap between what has been offered to them in the form of statuatory redundancy and what they had previously agreed only 12 months before liquidation.”
A statement from the special liquidators of IBRC confirmed that an agreement had been reached which will see “a sum of money set aside to facilitate termination payments to certain IBRC employees”.
The IBRC was liquidated in a shock move last February as part of the government’s restructuring of the promissory note deal.
As a result, the redundancy terms of many of the employees of the IBRC were affected.
And somewhere in England Prince Charles is thinking ‘what a good idea’.
Today is “Chatromngathon” day in Thailand…..The king there has ruled since 1946, which is longer that any other monarch. Untouched by any scandal he is still revered by an adoring public, a position harking back to a world all but disappeared in terms of position and respect.
The king is dead, long live democracy
Mob rule
I spent some time on the throne myself today. Good times.
Oh yeah Thailand, 20% g.d.p through the sex industry.morally bankrupt country but they do love their monarchy though!
Love their king ? If they all love him so much why do they have laws which can and do send people to prison for saying anything against him?
JC was a pretty interesting guy. Insisted on democracy being restored after Franco died and then faced down a general in the Cortes (parliament) at gun point when he was giving the opening address. He actively supported the constitution and did a lot of good.
Like a lot of toffs he was totally out of touch but if you opt for a monarchy that’s going to happen. He also had a wayward touch with guns – killing his brother in a hunting accident and then being pictured in a safari suit hunting elephants at the height of the financial crisis.
That was an accident when they were both children so he didn’t set out to kill his brother!
An accident? Sure thing, you must have been there, so.
This could mean war. All of Europe will be ablaze!
The Turks will sense our weakness and begin moving troops to our frontiers.
The English will no doubt seek to capitalize on this moment of transition.
We must raise an army and fortify our coastline!
Fud
Send out a call for archers!
Quick break out the pitchforks in defence of our green. Isle
War will mean an increase in taxes for the peasants
Won’t someone please think of the children!!
“And you think your so clever and classless and free,
But your still fcking peasants as far as I can see”.
John Lennon.
Good to see our own Monarch of the British isles not dogged by the same controversies as in Spain.
I think the Queens popularity has never been as high.
Popular? Maybe. Essential? Definitely not.
Good riddance to any and all the parasites. We should be way past the days when we needed anyone who is not elected to “rule over us”. As for the UK, look at the interfering idiot you have lined up to take over. Not a bother about the suffering of poor people in the country. More interested in moaning about buildings and homeopathy. Turf em all out. Waste of space, time and money.
The British monarchy is a financial asset to the uk . The revenue they bring into the uk far out ways the cost of keeping them . They are invaluable to the uk in eyes of the world . Can you think of a institute in Ireland that benefits Ireland in such a way .
The British isles doesn’t have a monarch. “Our own”? I assume you’re from a part of the uk and not our republic
Why are you so keen to tell other countries how to govern themselves?
No des I’m from Ireland . I just look at things from a reality perspective not a bias one .
According to the Royals’ website, QEII is a taxpauer:
http://www.royal.gov.uk/TheRoyalHousehold/Royalfinances/Taxation.aspx
“The Queen pays tax.
In 1992, The Queen volunteered to pay income tax and capital gains tax, and since 1993 her personal income has been taxable as for any other taxpayer.The Queen has always been subject to Value Added Tax and pays local rates on a voluntary basis. ”
As before – just sharing information, opinion-free.
Rubbish Tommy. The right wing British press regularly wheel that old chestnut out. Tourists come to look at the historical legacy of Britain. They don’t get a personal interview with a royal. The castles etc would still be there. They would come. Dump em and turn their land into public spaces and their properties into old folks homes.
Hi Dec. A republican is a republican no matter where he/she comes from.
Ignore him Tommy, he’s clearly a barstooler
Benn. Most royalty do not govern except in primitive places like Saudi Arabia. As for what I say, it’s an opinion. That is what a forum is for.
Your reality is biased Tommy.
Charlie is right, “royalty” should abolished, there is no place for it in the modern world. They should be stripped of all their assets and put on the housing list and made stand in the dole queue. If there is to be royalty the old Irish way was best were any one could be king or queen based on prowess and ability and not these loony inbred lineage pretenders.
Lol good troll good news, good troll.
That’s right Charlie so the removal of the royal family would actually save very little cause all the assets and everything else that belongs to the royal family still has to be paid for . There property is part of the of the history if the country . It’s a magnet to tourism .
Charlie, your first two sentences effectively remove the upper echelon of the EU and Ireland’s senior civil servants…….among many others. Seems like a plan. Apart from removing QEII.
Sorry dec got your name wrong .
Charlie, the UK is ruled by the Queen in Parliament and the devolved assemblies in Scotland Wales and Northern Ireland. Still curious as to why you should have an opinion on it, unless of course you are British or live there.
My comment was in reply to “good news caravan” tommy
Mr Phil we all have our own view of the royals in today’s world . I’m talking from a financial point of view . Any business man with a head on his shoulders would tell you the financial benefits of keeping the monarchy far out way what it costs the tax payer to keep them .
Not a bother about the suffering of poor people in the country.”
- why should he – the British adore the monarchy – mostly – and this guy gets millions from Duchy of Cornwall every year – so he has plenty of time for homeopathy ..
”The Duchy of Cornwall is a property portfolio held in trust to meet the expenses of the monarch’s eldest son. The Prince of Wales receives revenue from it to pay for his official activities, supported by The Queen’s Grant-in-aid funding to provide assistance with official travel and property. These financial arrangements also cover the official expenditure of some members of his immediate family. The Duchess of Cornwall, The Duke and Duchess of Cambridge and Prince Harry all have their official expenses paid from Duchy income, assisted by grants-in aid from The Queen.[15] For the fiscal year 2011-12 the Duchy was valued at £728 million with an annual profit of £18.3 million paid to the Prince.[16]
- Repeat –£ 18 + million a year – and gets away with it .
Note re Dduchy of C
”The duchy owns 133,658 acres of land (around 54,090 hectares) over 23 counties, including farming, residential, and commercial properties, as well as an investment portfolio.[8][9] In modern times, the considerable income from the duchy has been the primary source of income for the Prince of Wales, both as to personal funds and public and charitable work.[”
if I got £ 18 million a year – I think I might give a bit to charity too – crumbs from the table .
Check out the Dutch ones – they cycle to uni.
What’s wrong with that?
@Mr.Phil.Officer
They’re not pretenders unless they have been stripped of their power and insist on being recognised by their former titles, e.g. the “Queen of Iran” etc.
GNC. Who are you to tell someone to ignite another poster? As for the accusation of being a batstooler because I have an opinion that differs from yours, you can go into any bar and hear a wide range of opinions that differ. This is a forum may I remind you. Not everyone is going to agree.
For instance. I think you come across as an insufferable bore. You probably don’t agree with that.
That’s why we got rid of royalty or took away their power in most civilised countries long ago. So we could express an opinion without risk of imprisonment or worse for gaining the royal displeasure.
Get rid of the whole shower including all the minor Dukes and suchlike. Titles should be abolished.
Hi Tommy. Save much, save to little? That is only a minor point. The major point is that people of the UK could get up off their knees and be citizens instead of subjects. Perhaps they could have some pride in themselves instead of looking to wealthy strangers to supply it.
Hi Joseph. Do you mean the ship? I think that got flogged to the Yanks. Now there’s an idea. :)
Hi Ben. Worked over in the UK during eighties and into the nineties. Met Camilla. Nuff said?
Charlie, They ceased to be subjects in 1949 when they were converted to Citizens of the United Kingdom. Do keep up.
Hi Tommy. “Costs the tax payer to keep them”? Why should it cost one penny for the tax payer to keep them? They are fabulously wealthy. Far rather see such money spent on childrens wards in hospitals.
Thanks Jim for pointing out the incredible wealth which fits in rather nicely with the incredible cheek of these people.
Charlie, made me laugh, thank you. Could probably sell the British Monarchy to the Americans for more than the nett worth of Ireland…….provided Charles and Camilla were left out of the package.
@Quarty, they are pretenders if you go back far enough you will see they robbed the throne. The rightful king had a hump on his back and a gammy leg.
Roland
Yes I do believe the British Monarch is “essential” as she provides the same essential leadership that a democratically elected figurehead such as a President but has so much more style and class combined with magnificent pageantry.
I cannot see Michael D or even Gerry Adams in the future coming remotely near the class the current Lady provides!
@ Jim Flavin : But apparently that’s also not enough : Queen Elizabeth II’s investment in depleted uranium
Britain’s Queen Elizabeth II is one of the world’s richest women, worth £17 billion. Her investments in the arms trade include firms that produce the uranium used in depleted uranium (DU) shells. The deployment of these shells by the US military in its attack on the Iraqi city of Fallujah in 2004 is believed to be the cause of a huge increase in cases of cancer and birth defects.
Text by Heathcote Williams
Editing and narration by Alan Cox
Tags: united-kingdom arms-trade
Believe me is ignite you if I could.
Padraic, fortunate for you, then, that you have nothing whatsoever to do with the lady. Your conscience is clear.
So how come they are subject to the law and not citizened to it Ben eh eh. Answer me that one. :)
Hi Joseph. I think you gotta be pretty hard core royalist to want Charles and Camilla. Maybe Saudi Arabia would have em. :)
Ah Phil. Richard the turd. Now that’s my kinda king.
Hi Richard. Some of us find pageantry foolish, excessive and unnecessary. Silly people wearing silly clothes doing silly things. More Monty Python than anything else. Waste of time and money,
What on earth has the former Mrs Parker Bowles got to do with the governance of anywhere?
Thankyou Padraic for telling it like it is. The while bunch of them are linked to dodgy dealings. Pauperise the lot I say. And we haven’t even touched on the murder of Diana.
Typo there GNC? :)
I see what you did there Charlie, very good punning.
Having had a think about your post Richard, I do believe you are right, I would rather have a head of state like the queen who says very little than a president who seems incapable of shutting up. At least the queen does not threaten you with the Vogon poetry. :)
When I was in Machu Picchu there is a big square of grass that looks a bit out of place. Our guide said it’s because the king and Queen of Spain visited in the 80′s and refused to get the train/other means of transport so they had to move a big monument for them to land a helicopter.
The monument was damaged in the move so was never able to be replaced. Not sure how true this is as the Peruvians wouldn’t be the biggest fans of the Spanish but I wouldn’t be surprised!
Is he abdicating before Catalunyan independence?
More freedom is only a good thing, these people haven’t been free since before Franco as well as more ‘Spanish’
And there are many others in different parts Ligurians, Venetians,Corsicans, Sardegnans for example and of course half the population in Northern Ireland, the Basque, part of Finland, Cornwall, Wales
Bring on a more diverse and more free Europe I say
This is why Scottish Independence will be and is being fought on every political level
Tear down the old bullshit systems, including our own
Many many people in the free world not free
There will be no breakaway for the Catalans! It’s part of Spain and will remain so!
Wow….must’ve been one hell of a dump
Be aware the the Euro coins with his face are not valid anymore.
Here is the explanation (in English) of the true reason of this manoeuvre http://www.vilaweb.cat/editorial/4195240/the-big-maneuver-is-underway.html
Don’t do monarchy and notion of serfdom- whatever his failings – and they are many- Franco groomed and choose him to take over his fascist regime. He didn’t follow orders from the grave. He encouraged democracy albeit fractured and unequal.
The queen of Spain flies Ryanair,, honest
Royalty. … belongs to the past.
A wish the new King and Queen of Spain all the best. May they be a symbol of stability, morality and pride for their proud and awe-inspiring country over the next few decades.
The great thing about a monarchy is that it provides a nation with a link between its past, present and future.
John B. History is about more than just the royals you know. Republics have links through a nations common history. People of history who become known by their own efforts, not by the privilege in which they were born.
@John B. Reid I should have said “I wish” at the beginning of my first sentence above, rather than “A wish” (which was a typo).
If we get rid of royalty
Then how will we explain to young kids that all the Princes and Princesses they hear about were never good but were really bad all along.
‘Once upon a time there was a handsome’ er em person.
The Government should invite the new King and Queen of Spain to Ireland on a State visit.
Wat a pity
have your say