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Greencore in breach of terms of compensation package - Ferris

12 January, 2007


The Sinn Féin spokesperson on Agriculture, Martin Ferris TD, has claimed that Greencore is in breach of the conditions governing the granting of compensation by the EU, following the company's closure of it's Carlow and Mallow plants. He was responding to a reply from the Commission to Mary Lou McDonald MEP who asked if the Commission was aware that Greencore owed its former employees €4.4m in redundancy payments.

The Commission stated that " - all obligations linked to the restructuring plan, such as the redundancy arrangements for the workers" must be met if the company is to receive the payment.

The Kerry North TD said: "It is quite clear from the reply to Mary Lou McDonald's question, that Greencore has not met its obligations to its former workers, and that it is therefore not entitled to draw down the money granted to it under the compensation package.

"When it is considered that Greencore owes its workers €4.4m and that it stands to earn €146m in compensation, the pure greed that is at work here is simply staggering. Not only that, but the company also stands to make massive profits from the asset stripping of this former successful state enterprise through speculation in the property market.

"Once again I call on the Government to intervene to freeze all payments to Greencore and to prevent them going ahead with their property development, until the redundancy issue is properly addressed."

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