Compulsory redundancies at Shannon Development ruled out despite merger
Business as usual: Dr Vincent Cunnane, CEO of Shannon Development, says there will be no compulsory redundancies at the company. (Picture: Sean Curtin Press 22)
THE chief executive of Shannon Development says there will be no compulsory redundancies within the company as it prepares to merge with Shannon Airport.
Dr Vincent Cunnane says it has been a difficult few months for staff at the state-owned agency since the Government announced its decision in June.
A steering group has been appointed to oversee the merger of Shannon Development and the Shannon Airport Authority into a new publicly-owned entity with a commercial mandate.
As part of this, Shannon Development’s existing functions in relation to indigenous enterprise, foreign direct investment and tourism are to transfer to national agencies such as Enterprise Ireland and Tourism Ireland.
“We welcome the high-level decision of Government to ensure that the future viability of the airport and the region is secured through the merger of Shannon Development and Shannon Airport,” said Dr Cunnane who added it has been a difficult time for Shannon Development staff.
“There is a lot of uncertainty, understandably, at the moment the task forces are meeting on a very regular basis. My job is to make sure that the staff of Shannon Development have opportunities going into the future and that company, in the meantime does its job.”
Speaking about interim arrangements Dr Cunnane stressed that it is business as usual for the company: “We are in touch with our clients to assure them that our service levels will be unaffected during the interim period and that staff will continue to deliver the high level of service that clients have come to expect.”
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