ESB 'seeking 1,000 job cuts'

n97 mini

Today's Sunday Biz Post
http://sbpost.ie/breakingnews/business/ojcwgbeyqley/

Can we look forward to cheaper gravy?

headmaster

To be honest, it's about time they got their comeuppance and paid their dues. They refused point blank to take pay cuts and were even given a pay increase. The public have all taken tough medicine, including the public service, but these crowd of cossetted individuals thought they were above all this. No sympathy for these from Jo Public, none at all.

woodoo

They could do with a paycut too. Ave of 14% would do no harm.

mlumley

Yeah, get rid of a few, but god, what size will the redundacy pay off's be?

rodento

This has got to be a piss take:(

http://www.independent.ie/national-news/state-rejects-generous-exit-deal-for-700-esb-workers-2921362.html

The existing generous severance deal means workers can get half pay for up to 12 years before retirement, a lump sum worth a year's salary, and extra years of service that they have not actually worked.
At 60, they get a pension based on service to this age.

An almost identical deal was recently offered to staff at Bord Gais, although that scheme is unlikely to be as expensive as the company only wants to shed 80 workers.

:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:

Talk about been paid not to work

deise blue

1,000 job cuts over 4 years are envisaged , natural attrition should account for a substantial amount of these jobs & an incentivised voluntary redundancy package/early retirement offer should easily account for the rest.

Such a package will have to be agreed with the Unions - looks like the Unions again have done a good job on behalf of their members.

woodoo

rodento wrote: »

This has got to be a piss take:(

http://www.independent.ie/national-news/state-rejects-generous-exit-deal-for-700-esb-workers-2921362.html

The existing generous severance deal means workers can get half pay for up to 12 years before retirement, a lump sum worth a year's salary, and extra years of service that they have not actually worked.
At 60, they get a pension based on service to this age.

An almost identical deal was recently offered to staff at Bord Gais, although that scheme is unlikely to be as expensive as the company only wants to shed 80 workers.

:mad::mad::mad::mad::mad::mad::mad::mad::mad::mad:

Talk about been paid not to work

I'd wait till you see it in an honest paper before believing it.

Nody

woodoo wrote: »

I'd wait till you see it in an honest paper before believing it.

There is an honest paper with out an agenda now?

n97 mini

deise blue wrote: »

1,000 job cuts over 4 years are envisaged , natural attrition should account for a substantial amount of these jobs

300 according to reports. 700 to go now.

deise blue wrote: »

looks like the Unions again have done a good job on behalf of their members.

Negotiating with a soft management who are essentially on the same side.

realdanbreen

The ESB, one of the few successful Irish companies and guess what the smoked salmon socialists(Labour) want to sell it off. Not withstanding the fact that with a new anti American president about to be installed our FDI outlook is pretty bleak.

gurramok

realdanbreen wrote: »

The ESB, one of the few successful Irish companies and guess what the smoked salmon socialists(Labour) want to sell it off. Not withstanding the fact that with a new anti American president about to be installed our FDI outlook is pretty bleak.

Yeh, successful on the backs of ripping the public off for years while cushioning the staff on very high wages to avert strike action.(thank Bertie for that)

Tazz T

Nova radio is reporting that the union turned down the deal.

Wish I could have 1/2 pay for 12 years for doing nothing.

When you consider the average wage at the ESB is over 90k.

n97 mini

realdanbreen wrote: »

The ESB, one of the few successful Irish companies

Because it has a predatory grip on the grid, refusing to hand ownership over to Eirgrid, and because it is charging so much for electricity. Ireland has the most expensive electricity in Europe for business use.

ESB is the incumbent. It's the same as eircom, both ripping off the Irish public. The only reason the ESB gets away with it is somehow they've brainwashed people into thinking that just because it pays into the exchequer it must me the good guy.

To even call it a company is a stretch.

moceri

The Gravy Swimming ESB unions have threatened to "Turn the Lights Out" if the Government sells a minority stake in the ESB.

woodoo

moceri wrote: »

The Gravy Swimming ESB unions have threatened to "Turn the Lights Out" if the Government sells a minority stake in the ESB.

A law should be brought in banning the ESB from withdrawing electricity during a strike. Or maybe even banning them from striking at all like the guards. Electricity is too important.

Gumbo

well hopefully its done fairly and not hammering the lower paid

‘‘ESB has become top heavy with senior management over the last number of years,’’ the newspaper quoted a source close to the negotiations as saying.

‘‘Our approach to the €140m... is that we will be starting at the top and working our way down."

Source

hmmm

Senior people are the most expensive to offer voluntary redundancy to. Plus, typically these are older people, so will have been considering retirement anyway.

Now because of these public statements, any older senior people will hang on for a huge payoff. In return for walking away with hundreds of thousands, the ESB will be able to claim a "great success".

Idiotic. Another waste of public money. Let natural wastage and reassignments take care of the staffing problem.

WalterMitty

Gravy, Gravy everywhere in the state and semi state sectors. These sectors have and will continue to be run primarily for the benefit of the workers(including managers) and not the general public or consumer.

irishh_bob

n97 mini wrote: »

Because it has a predatory grip on the grid, refusing to hand ownership over to Eirgrid, and because it is charging so much for electricity. Ireland has the most expensive electricity in Europe for business use.

ESB is the incumbent. It's the same as eircom, both ripping off the Irish public. The only reason the ESB gets away with it is somehow they've brainwashed people into thinking that just because it pays into the exchequer it must me the good guy.

To even call it a company is a stretch.

its on the same level as RTE

Richard tea

woodoo wrote: »

A law should be brought in banning the ESB from withdrawing electricity during a strike. Or maybe even banning them from striking at all like the guards. Electricity is too important.

Would that law include the government or private company
http://www.guardian.co.uk/world/2011/oct/30/greeks-threatened-with-power-cuts?newsfeed=true:eek::eek::eek::eek::eek:

jack presley

n97 mini wrote: »

refusing to hand ownership over to Eirgrid,.

Eirgrid wages > ESB wages

n97 mini

jack presley wrote: »

Eirgrid wages > ESB wages

A separate and much smaller problem as Eirgrid isn't in the electricity supply market.