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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)
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