irish ferries threatens to cut redundancy payments. again. (1 Viewer)

[taubstumm]

from http://www.rte.ie/news/2005/1212/irishferries.html

Redundancy package could be slashed

12 December 2005 16:51

Irish Ferries has threatened to slash the redundancy package for staff if service does not resume on its three vessels tomorrow night.

The company's services on its UK routes have been paralysed for 18 days in a dispute over outsourcing of workers.

The original redundancy package on offer to staff involved four weeks pay per year of service, plus two weeks per year statutory redundancy.

An additional two weeks was to be paid for cooperation with the changeover to eastern European crewing.

However, in a memo to seafaring staff, Irish Ferries Chief Executive Eamonn Rothwell warns that if the Ulysses, the Isle of Inishmore and the Jonathan Swift do no not resume sailings tomorrow night, the cooperation payment would be withdrawn.

This would reduce redundancy packages by a quarter.

In addition, the Jonathan Swift schedule will be reduced to a summer only service with immediate layoffs being affected.

Earlier today, Irish Ferries issued a profit warning to the Stock Exchange, revealing that the dispute has already cost it €5.5 million.

The company added that the cost could soar to €11 million by the end of the year if the row is not resolved.

The Labour Relations Commission has had further contact with both sides today in a bid to get talks on a settlement back on track.

 

[Osama Van Halen]

IT'S ALL CHRIS De BURGH'S FAULT. WITH HIS NON PAYMENT ENCITING EYEBROWS.