IFI workers to Protest - Wednesday 13th November 2002, Leinster House, DUBLIN

national | miscellaneous | news report

Monday November 11, 2002 18:23

by Warren Daly - -

IFI Workers are protesting at the manner in which they have been treated since the decision by the Irish Government and ICI - which holds a 49 per cent stake in IFI – to liquidate the company. The 620 workers from the 3 Irish plants received: · less than a single day’s notice of termination of their employment; · no statutory redundancy payments · no regulatory RP1s (Redundancy Payments forms) which are necessary in order to receive statutory redundancy payments. · no assurances that their pension fund would be able to meet its liability because of the drop in investment returns. A high percentage of workers have served in the company for over 20 years. The workers want guarantees that all statutory entitlements due to them will be funded by the shareholders. They also want an agreed severance package and any shortfall in pension entitlements to be funded by the shareholders