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Written Answers. - Cost and Competitiveness Review.

Wednesday, 8 May 1996

Dáil Éireann Debate
Vol. 465 No. 1

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 208. Mr. D. Ahern Information on Dermot Ahern Zoom on Dermot Ahern  asked the Minister for Transport, Energy and Communications Information on Michael Lowry Zoom on Michael Lowry  the cost of the ESB's organisational restructuring, exclusive of the proposed voluntary severance package; and if he will make a statement on the matter. [9090/96]

Minister for Transport, Energy and Communications (Mr. Lowry): Information on Michael Lowry Zoom on Michael Lowry The total cost of the Cost and Competitiveness Review is estimated by ESB to be around £260 million over the period 1996 to 1999, during which time the bulk of costs associated with the restructuring will occur. The package will be self-financing to the extent that the savings over the same period are expected to be around £250 million. The cost of the ESB's organisational restructuring — exclusive of the proposed voluntary severance scheme and associated employee assistance programmes — is estimated to be around £80 million over the same period. These costs include the lump sum payments to staff, removal of the employee's “deficit” pension contributions, and productivity awards to staff.


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