Labour Court recommends £42,000 cap in Tinsley Wire redundancy terms

In 1998, the Labour Court recommended revised redundancy terms for workers affected by the planned restructuring at Tinsley Wire (Ireland) Limited. It recommended 3.5 weeks’ pay per year of service, capped at £42,000, plus statutory entitlements and pay in lieu of notice. The recommendation was dated 11 December 1998. The company planned to reduce its workforce from 66 to 40, involving 26 redundancies. It had offered 2.5 weeks’ pay per year of service, capped at £30,000. The Services Industrial Professional Technical Union and Technical, Engineering and Electrical Union sought five weeks’ pay per year without a cap. The unions cited earlier packages at former Unidare companies and workers’ long service; the company said it faced accumulated losses of £435,000 for 1992–1997 and needed to restructure to become competitive.