| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Irish Economy Last Updated: Sep 24, 2010 - 7:16:30 AM


Former public servant calls for 30,000 voluntary redundancies in the Irish public sector
By Finfacts Team
Sep 23, 2010 - 10:59:45 AM

Email this article
 Printer friendly page
Croke Park, Dublin.

A former public servant who is now a banker has called for 30,000 voluntary redundancies in the public sector, which, he said, would save €2bn a year

Willie Slattery, who worked in the Central Bank for 22 years and now heads the Irish branch of US bank State Street International, which has 2,500 employed at Dublin's offshore centre, the IFSC, told a conference that any savings from the Croke Park Agreement  should go to address the Exchequer deficit, instead of reversing pay cuts.

"The commitments given in the CPA are not capable of being met,"he said earlier this month. "In addition, under the CPA, the €20bn annual payroll bill for public servants can't be slashed until 2014, when our current deficit also stands at €20bn. And spending on the banking sector has also increased significantly since the agreement".

Willie Slattery was a member of the public spending review group commonly known as Bord Snip, which was under the chairmanship of UCD economist Colm McCarthy. 

The Croke Park Agreement guarantees there will be no compulsory redundancies or further pay cuts over the next four years in exchange for extensive reform of the public service.

It provides for the reimbursement of pay cuts to public servants from the savings made from those reforms.

Minister of State for Public Service Transformation Dara Calleary said the implementation body charged with overseeing the reforms had met four times since it was set up in June, while every department must submit its proposed changes by next week.

The Minister said no pay cuts would be reimbursed until savings had been made from reforms.

Calleary said that the redeployment of staff across the public service is vital to ensuring the improved delivery of services. He said it is true to say that there are areas in the public service which need improved staff resourcing while at the same time there are areas where the needs are less pressing. It is important to address these imbalances and redeployment will go some way to doing this.

He said there is a need to break down the unnecessary distinctions between different types of public servants, through legislation if necessary, and through the use of much more flexible redeployment. The initiation of the senior public service will promote a shared approach across the leadership of the public service to the pursuit of Government priorities.

General Secretary of the IMPACT trade union Shay Cody said it was imperative that management put forward substantial and meaningful proposals on the implementation of the deal.

Cody said morale among public servants had taken a battering and added that the great danger was inertia setting-in, with pressure then mounting on public service workers about their pay rates in the future.

Related Articles
Related Articles


© Copyright 2010 by Finfacts.com

Top of Page

Irish Economy
Latest Headlines
Finfacts launches new news site
Irish Farmers & Milk Prices: 'Shackles' off in April; Demanding safety-net in August
Irish pension managed funds returns at over 12% year-to-date in 2015
Irish chartered accountants' salary packages surge 13% in 12 months
Irish services PMI fastest rate since late 2006; Official data up only 2.4% in 12 months
Irish Economy: Tax €893m above target in year to July — €653m from corporation tax
Fact and Fiction: Time to review Ireland's economic statistics?
Irish M&A deals H1 2015: Dutch or UK firm acquires Irish firm for €32.6bn - they are both American
Irish manufacturing PMI strong in July
Irish Economy: Fall in GNP in Q1 2015; GDP rises
Irish Economy 2015: Central Bank lauds strong recovery; Time to start paying down debt
Irish Budget 2016: Ibec demands 20 tax cuts, spending and investment rises
Low pay in Ireland; Lowest social security & corporate taxes in Europe
Ireland vs Greece: Enda Kenny's false claims on growth, taxes and debt
Irish standard of living in 2014 below Euro Area average, Italian level; Prices 5th highest in EU28
Irish goods exports rose a record 30% in April - due to fake tax-related transactions
Mexican tall ship to sail into Dublin on June 17th
Irish industrial production up 20% in first four months of 2015; Construction down 2.6% in first quarter
Irish Economy 2015: ESRI slams return to boom-time pro-cyclical fiscal policy
Irish pension fund returns in average range 1.6% - 1.8% in May 2015
Irish service sector PMI remains strong; Tax avoidance clouds data
Ireland: Official unemployment rate at 9.8% in May; Broad rate at 19% — 440,000 people
Ireland: Fiscal Council warns of dodgy forecasts, no plan; OECD warns of new property bubble
Irish Public Finances: Tax revenue in first five months of 2015 €734m ahead of target
No simple measure of economic progress in Ireland: GDP & GNP defective
Irish manufacturing PMI rises in May; Production up unbelievable 45% in year to March!
ESRI says data volatility hinders Irish economic forecasting; Tax avoidance taboo cause
Ireland at 16 in international competitiveness ranking; US, Singapore and Hong Kong on top
Irish Economy 2015: Sectors to add 200,000 jobs?; Broad jobless rate at 19%
Irish Export Performance: Myths and reality - Ireland is a poor exporter
Irish Economy: 41,300 jobs added in 12 months to Q1 2015 - Construction up 19,600
China-Ireland: Economic relationship on a slow burn
Estonia, Austria, France, Ireland head global alcohol rankings
Irish Exchequer Returns: Tax receipts under target in April but ahead in year
Irish service sector PMI rose in April
Irish manufacturing PMI remained strong in April- includes overseas manufacturing
Irish Live Register + 90,000 activation scheme numbers at 439,000 in April
Ireland: Coalition drops 2018 full-employment target
Ireland Spring Statement: Noonan promises 200,000 net new jobs by 2018
Irish Economy 2015: Retail sales volume up 1.4% in month of March