The 60% subsidy referred to is only available on the statutory payment (two weeks per year of service, capped at €600 per week.). This is why employers' PRSI exists. Irish Ferries are offering six weeks pay on top-of that. All Bertie is doing is taking about a week's pay away from people who are losing their jobs anyway.
Are these "redundancies" within the meaning of the rebate scheme? I don't know. The reflagging means that the legal location of the work is changing. Irish Ferries could argue that this is legally equivalent to a factory relocating from Ireland making their Irish workers redundant. Yes, this is legal sleight of hand. It might not even pass muster, except that redundancies made on the French route under a similar arrangement were accepted as such by the Dept. for rebate and tax relief purposes.
Finally, Irish Ferries is not cash rich. Irish Continental Group Plc's other subsidaries are subsidising it.
Are these "redundancies" within the meaning of the rebate scheme? I don't know. The reflagging means that the legal location of the work is changing. Irish Ferries could argue that this is legally equivalent to a factory relocating from Ireland making their Irish workers redundant. Yes, this is legal sleight of hand. It might not even pass muster, except that redundancies made on the French route under a similar arrangement were accepted as such by the Dept. for rebate and tax relief purposes.
Finally, Irish Ferries is not cash rich. Irish Continental Group Plc's other subsidaries are subsidising it.