Labour Court Database
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File Number: CD87922
Case Number: LCR11576
Section / Act: S67
Parties: CREDIT FINANCE BANK - and - ITGWU;IBOA
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Subject:
Implementation of a proposed rationalisation plan.
Recommendation:
3. The Court considers that the implementation of the
rationalisation plan is essential to the survival of the Bank and
therefore recommends that it be accepted without further delay
subject to the following amendments to the terms of the severance
package offered by the Company.
REDUNDANCY PAY
(a) 5 weeks pay per year of service inclusive of statutory
redundancy entitlements.
(b) A minimum payment to redundant staff of #2,500
(c) Payment to be made in lieu of minimum notice and holidays.
STAFF CARS
(d) Staff should be given a discount of 20% off the book value or
market value whichever is lower.
PENSION
(e) The Court does not recommend any change in the Company's
proposals on this matter.
FUTURE EMPLOYMENT
(f) The Court recommends that in the selection of staff for
continued employment due regard should be given to experience
and service and, in the allocation of any collection work on
outstanding debts, a preference should be shown to former
employees.
Division: CHAIRMAN Mr Collins Mr Devine
Text of Document__________________________________________________________________
CD87922 RECOMMENDATION NO. LCR11576
INDUSTRIAL RELATIONS ACTS, 1946 TO 1976
SECTION 67
PARTIES: CREDIT FINANCE BANK
and
IRISH TRANSPORT AND GENERAL WORKERS' UNION
IRISH BANK OFFICIALS ASSOCIATION
SUBJECT:
1. Implementation of a proposed rationalisation plan.
BACKGROUND:
2. Following failure of the parties to agree at a conciliation
conference held on 1st December, 1987, the Court investigated the
above dispute on 8th December. The following is the Court's
recommendation.
RECOMMENDATION:
3. The Court considers that the implementation of the
rationalisation plan is essential to the survival of the Bank and
therefore recommends that it be accepted without further delay
subject to the following amendments to the terms of the severance
package offered by the Company.
REDUNDANCY PAY
(a) 5 weeks pay per year of service inclusive of statutory
redundancy entitlements.
(b) A minimum payment to redundant staff of #2,500
(c) Payment to be made in lieu of minimum notice and holidays.
STAFF CARS
(d) Staff should be given a discount of 20% off the book value or
market value whichever is lower.
PENSION
(e) The Court does not recommend any change in the Company's
proposals on this matter.
FUTURE EMPLOYMENT
(f) The Court recommends that in the selection of staff for
continued employment due regard should be given to experience
and service and, in the allocation of any collection work on
outstanding debts, a preference should be shown to former
employees.
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Signed on behalf of the Labour Court
Nicholas Fitzgerald
9th December, 1987
A.K./U.S. -------------------
pp John M Horgan
Chairman