Menu
11/06/2012
ESB Redundancies Package 'Over-Subscirbed'
A voluntary redundancy scheme aimed at shedding 700 jobs at the ESB is over-subscribed, in spite of fears by management that they would struggle to achieve the target.
Brendan Ogle, head of the ESB Group of Unions, said there had been a "significant level of interest" in the deal.
However he added that this came with a "health warning" as there may be workers who had applied for the scheme ahead of the May 31 deadline in order to buy more time to weigh up their options.
Management will now go through the applications and decide which workers they want to let go. This will take until the end of next month.
Workers who are offered voluntary redundancy at that point can then decide whether they will take it.
Staff who accept the deal must leave the semi-state before the end of the year and cannot be re-employed by the ESB Group.
"I believe it's over-subscribed in all of the business units," said Mr Ogle.
"It's voluntary severance and voluntary on both sides. The company is not obliged to offer it to any particular person.''
The severance scheme is the centrepiece of the ESB's plan to cut payroll costs by €140m over the next four years. Besides the 700 voluntary redundancies, another 300 retiring workers will not be replaced at the company.
(H)
Brendan Ogle, head of the ESB Group of Unions, said there had been a "significant level of interest" in the deal.
However he added that this came with a "health warning" as there may be workers who had applied for the scheme ahead of the May 31 deadline in order to buy more time to weigh up their options.
Management will now go through the applications and decide which workers they want to let go. This will take until the end of next month.
Workers who are offered voluntary redundancy at that point can then decide whether they will take it.
Staff who accept the deal must leave the semi-state before the end of the year and cannot be re-employed by the ESB Group.
"I believe it's over-subscribed in all of the business units," said Mr Ogle.
"It's voluntary severance and voluntary on both sides. The company is not obliged to offer it to any particular person.''
The severance scheme is the centrepiece of the ESB's plan to cut payroll costs by €140m over the next four years. Besides the 700 voluntary redundancies, another 300 retiring workers will not be replaced at the company.
(H)
Related Irish News Stories
Click here for the latest headlines.
10 October 2008
Fine Gael Leader Takes 'Symbolic' Pay Cut
In lieu of next week's budget, the leader of the Fine Gael party has announced he will take a voluntary pay cut of 5% as an example to public service workers. The surprise announcement came as leader Enda Kenny unveiled a package of pre-Budget proposals, which he believes would save the taxpayer €1.8bn annually.
Fine Gael Leader Takes 'Symbolic' Pay Cut
In lieu of next week's budget, the leader of the Fine Gael party has announced he will take a voluntary pay cut of 5% as an example to public service workers. The surprise announcement came as leader Enda Kenny unveiled a package of pre-Budget proposals, which he believes would save the taxpayer €1.8bn annually.
09 December 2013
ESB Management And Workers Reach Agreement
Sinn Féin's Mary Lou McDonald TD has welcomed the agreement reached between management and workers at ESB regarding the company's pension scheme. The Dublin Central TD said: "The resolution of the ESB pension dispute is good news for the workers, and indeed for the company's customers.
ESB Management And Workers Reach Agreement
Sinn Féin's Mary Lou McDonald TD has welcomed the agreement reached between management and workers at ESB regarding the company's pension scheme. The Dublin Central TD said: "The resolution of the ESB pension dispute is good news for the workers, and indeed for the company's customers.
18 July 2014
More Than 2,500 ESB Customers Without Power
More than 2,500 ESB customers are without power following outages in the south east and south west. The company has said that some 1,700 customers in the Enniscorthy and Arklow areas have been affected, along with around 900 homes and businesses in the Killarney and Bandon regions.
More Than 2,500 ESB Customers Without Power
More than 2,500 ESB customers are without power following outages in the south east and south west. The company has said that some 1,700 customers in the Enniscorthy and Arklow areas have been affected, along with around 900 homes and businesses in the Killarney and Bandon regions.
08 November 2019
ESB Workers 'Betrayed'- SF
Sinn Fein has accused the Government and ESB of betraying staff after news two power stations in the Midlands will close. The Electricity Supply Board confirmed today that two peat-fired electricity generation plants will cease operating at the end of 2020.
ESB Workers 'Betrayed'- SF
Sinn Fein has accused the Government and ESB of betraying staff after news two power stations in the Midlands will close. The Electricity Supply Board confirmed today that two peat-fired electricity generation plants will cease operating at the end of 2020.
19 November 2013
ESB Workers Vote In Favour Of Industrial Action
ESB bank workers have voted in favour of taking industrial action in a dispute over a deficit in the company's pension scheme. During the summer the company paid a dividend of €78 million to the State, despite the company's pension deficit of €1.6 billion remaining.
ESB Workers Vote In Favour Of Industrial Action
ESB bank workers have voted in favour of taking industrial action in a dispute over a deficit in the company's pension scheme. During the summer the company paid a dividend of €78 million to the State, despite the company's pension deficit of €1.6 billion remaining.
-
Ireland WeatherToday:Storm Bert will move east through the Northern Isles today. Though weakening it will still bring strong to gale winds to many in Northern Ireland and showers to all, these frequent, occasionally heavy across northern districts. Maximum temperature 10 °C.Tonight:Strong west to northwest winds easing overnight. Showers, most frequent during the evening and in north but dwindling overnight to leave most dry and bright come dawn. Minimum temperature 1 °C.
