The special liquidator of the former Anglo Irish Bank - now Irish Bank Resolution Corporation - has told employees that their jobs are safe for the next three months.
In an email to staff, Kieran Wallace said that the wind-down process is likely to take a number of months.
He said that taking the concerns of employees into account, he and fellow Special Liquidator Eamon Richardson with to give further reassurance to employees about the duration of their employment during the liquidation.
He confirmed that there will be no termination of contracts within the first three months of the liquidation.
He said they will communicate an update on progress on wind-down and its impact on the duration in two months’ time.
He also thanked staff for their cooperation.
Mr Wallace is due to meet the Irish Bank Officials Association tomorrow for an update on how the liquidation will proceed.