Labour Court recommends talks on Woodchester Credit Lyonnais Bank redundancies

In 1994, the Labour Court recommended that Woodchester Credit Lyonnais Bank Limited negotiate redundancy terms with the Irish Bank Officials' Association and Manufacturing Science Finance. It recommended postponing issued redundancy notices. The recommendation was signed on 30 August 1994. The bank's restructuring plan included closing the Carlow branch and centralising collections. The plan involved 76 redundancies, 48 achieved voluntarily; the source also says 20 positions remained to be addressed. The unions opposed compulsory redundancies, while the bank said it had taken practical steps to avoid them and some could not be avoided. The Court called for negotiations on the redundancy package and employees' individual circumstances, with the aim of concluding talks within one month. A clarification dated 12 July said postponement applied to issued notices that had not expired and urged the parties to finish negotiations promptly.