Yeah, sell when they're making pay back. It never ceases to amaze me the arguement to sell now it's profitable, rather than the income going back to the exchequer or to be reinvested.
The hole in the pension fund is down to mismanagement of that fund, for which the state has to take responsibility for. Probably was allowed to build up on the basis it was a state company anyway. Kinda irrelevant anyway, as the state didn't fill the whole in the pension fund, it used funds raised by the floatation to do it, so no subsidy there.
All redundancies are subsidised to a minimum level - it's part of your PRSI contributions (hence Irish ferries claiming back millions on this basis).
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