Unions meet with SR Technics and IDA

Management at SR Technics' Dublin facility have outlined the timeline of job losses at the facility. After a meeting this afternoon, workers were told that 600 workers would be made redundant on April 3. By mid April a further 100 workers would leave with the balance of 400 going at the end of August.

Earlier today, union SIPTU met with the IDA (Industrial Development Authority) to discuss rescue plans for the company. According to the union, a total of 30 expressions of interest had been received by the IDA which has asked each party to submit a detailed business plan outlining employment prospects and financial projections. 

The union also discussed with the IDA the matter of the €26m shortfall in the company's pension plan and what workers see as an inadequate redundancy payment. The IDA responded to the effect that these matters were outside it's remit.

This afternoon a lengthy meeting was held between SR Technics and the unions which failed to find a resolution to the issue of the pension shortfall which the company is refusing to fund. Both parties agreed to refer the matter to the LRC (Labour Relations Commission) which will meet with both sides on Tuesday next.