Purple said:Hi Gordanus, that's a total increase of €142'000 for the board. It's nothing in the scheme of things.
Gordanus said:money is obviously more important than say, running major hospitals and being personally liable for things going wrong, like Senior Consultants/Clinical Directors.
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This is off topic but how many Senior Consultants/Clinical Directors have been held personally liable to the extent of loosing their job over the last 10 years. Incidentally only the top two people in the company earn more than the average hospital consultant. Senior consultants earn more than any of them. So why not apply for one of those jobs while you are at it.
The point is that top jobs pay well. What matters is how the top people perform and for me the big issue is how those charged with running Irish Ferries managed to get to this stage, why didn't they do something sooner?
This is a standard "going concern" declaration that the directors of all companies are required to make in their annual accounts. In general if the directors are unable or unwilling to make such a declaration, this is generally understood as a sign that a company is insolvent or in imminent danger of collapse. The term "foreseeable future" in this context covers the period of 12 months from the date when the accounts are signed off. There are specific procedures that a company must follow in relation to the way its accounts are presented when a negative declaration is made in this regard.This report also states "the Directors have a reasonable expectation the Company and the Group have adequate resources to continue in operational existence for the foreseeable future."
Ever since we accepted that companies can operate without trade unions here in Ireland - remember that McDonalds dispute in the 80s? - conditions were bound to go backwards for workers.
What is the difference between what Irish Ferries are doing and what is happening every day in the open part of the economy, i.e. outsourcing to a lower cost economy but continuing to sell their products in Ireland?From RTE news web site today The announcement comes as 71 jobs are lost at a manufacturing plant in Rathnew, Co Wicklow. The gas equipment maker Harris Calorific is to close its plant before the end of the year and is to relocate to Eastern Europe. The company said rising labour costs had made it difficult to compete with rivals.
Separately, 85 jobs are to be lost in Indreabhán, Co Galway with the closure of Maysteel Teoranta. The company lost out on a major contract with IBM last week, and has failed to find another market for its computer components.Workers are to be briefed in a meeting with management this afternoon. It is expected the company will cease trading early in the New Year.
Purple said:What is the difference between what Irish Ferries are doing and what is happening every day in the open part of the economy, i.e. outsourcing to a lower cost economy but continuing to sell their products in Ireland?
Why do the unions not care about the above?
Irish Ferries aren't outsourcing to a lower cost economy. They are outsourcing to lower cost staff within the same economy. No other employer in Ireland has fired staff and replaced them directly in situ with cheaper staff (and tried to get the state to subsidise their termination costs via redundancy support & tax relief).Purple said:What is the difference between what Irish Ferries are doing and what is happening every day in the open part of the economy, i.e. outsourcing to a lower cost economy but continuing to sell their products in Ireland?
Legally they are outsourcing to a lower cost economy, they are serving theRainyDay said:Irish Ferries aren't outsourcing to a lower cost economy. They are outsourcing to lower cost staff within the same economy.
No other company in Ireland can, unless they are a shipping company.RainyDay said:No other employer in Ireland has fired staff and replaced them directly in situ with cheaper staff (and tried to get the state to subsidise their termination costs via redundancy support & tax relief).
No other employer in Ireland has fired staff and replaced them directly in situ with cheaper staff (and tried to get the state to subsidise their termination costs via redundancy support & tax relief).
ubiquitous said:Internet polls are a joke as they are so easy to manipulate.
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