40 ex-Anglo staff lose jobs in London and Belfast
Forty employees of the former Anglo Irish Bank, IBRC in special liquidation, have been made redundant at the bank?s London and Belfast offices.
In a statement issued yesterday, liquidators of the bank Kieran Wallace and Eamonn Richardson of KPMG said that they were using an insolvency provision to remove protection for the staff that would have seen them automatically transferred over to another company, Capita.Capita is taking over the winding-down of the IBRC loan book that has been transferred to Nama.
The bank workers? union the IBOA said it was disappointed by the actions of the receivers.
BOA general secretary Larry Broderick said he was shocked that there was no commitment by Capita to take on the staff.
?While the decision to transfer the management of these assets to Capita is no real surprise under the circumstances, we are shocked and disappointed that no commitment has been made to implement legislation covering the rights of workers on the transfer of business,? he said.
Staff who have been made redundant will only receive statutory redundancy payments and are not guaranteed employment with Capita.
?It appears that, once the redundancies have taken place, Capita intends to hand-pick the staff they want to employ.
?The rest of the workers will be left to face compulsory redundancy on inferior terms than were previously agreed with the Republic?s Government as recently as 18 months ago,? said Mr Broderick.
In a statement, a spokesperson for Capita said it would make a number of positions available for employees.
?Capita Asset Services has not yet been in a position to commence engagement with the employees currently working on the Nama loan book within IBRC in London and Belfast.
?Nevertheless, we are committed to making available a significant number of permanent employment opportunities to the affected group.?
? Irish Examiner Ltd. All rights reserved
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