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Tag Archives: IDA Ireland

Roche’s €27.5m on wages and pensions

WAGES, salaries, social insurance and pensions cost Roche €27.5 million last year, it emerged this week. According to company accounts filed for the financial year ended December 31, 2015, Roche Ireland Limited spent €20.7m on wages and salaries; €2.2m on social insurance; €3.5m on defined benefit pension service costs and €977,000 on other benefits. The total figure is up from €24.8m a year earlier. It has also emerged that a majority of employees have taken a generous redundancy package of six weeks wages from the company, plus two weeks statutory redundancy, depending on years of service as part of their exit compensation. All of this is capped at a maximum of 2.5 years wages. A small number of employees, believed to be in the region of 10%, have secured jobs in other pharmaceutical companies. SIPTU industrial organiser Paul dePuis believes all the redundancies will be on a voluntary basis. However, if the company does not secure the number of voluntary …

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Planning future development of the Shannon Estuary

IDA Ireland has welcomed the completion of the Stratetic Integrated Framework Plan (SIFP) for the Shannon Estuary, aimed at promoting investment and development opportunities. IDA’s Regional Manager for the Mid West, Niall O’Callaghan welcomed the culmination of the project which he was involved with on behalf of the agency and said: “Bringing all stakeholders along the Estuary together to work on a coordinated approach to market six strategic sites is a significant step in the Estuary’s future development.” The Shannon Estuary is Ireland’s premier deep-water port, routinely catering for bulk ships with key ports at Limerick and Foynes and direct connectivity to all major international shipping lanes. It is home to a number of large employers, including IDA-backed Aughinish Alumina. The project was launched in late 2013 and was developed with input from a cross sectoral working group, namely Clare, Kerry and Limerick City & County Councils, IDA Ireland, Shannon Commercial Properties and the Shannon Foynes Port Company. The project …

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Transport Committee to discuss Aer Lingus

The Oireachtas Transport Committee will hold a special meeting tomorrow (Thursday) to discuss the impact of the potential sale of Aer Lingus. Appearing before the committee in Leinster House will be representatives from: The Irish Airline Pilots Association, The Central Representatives Council of union groups within Aer Lingus, Dublin Chamber of Commerce, Cork Chamber of Commerce, Shannon Chamber of Commerce, Shannon Group PLC, Limerick Chamber of Commerce,IDA Ireland and SIPTU. Chairman, John O’Mahony, said, “Any proposed sale of the State’s stake in Aer Lingus would be of significant interest to passengers and to various interested stakeholder groups, including tourism, business and commerce groups and those working in the aviation industry in Ireland. “Tomorrow we will have a chance to discuss the implications of any possible sale of the Governmen’s stake in the airline in more detail, as well as the impact of any sale for the taxpayer. Committee members will want to address concerns about possible job losses and routes …

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