Saturday February 22, 2020

COMMENT: ESB U-turn may be due to union fears

The government's apparently last-minute decision not to sell the ESB may have been motivated by fears of union reaction, writes Sunday Business Post editor Cliff Taylor

22nd February, 2012
2
"It might not have been impossible to find a buyer, but it would have been difficult and the price might have been low."

The real story in today's annoucement of state asset sales is " the dog that didn't bark " - the decision not to sell a minority stake in ESB, as had previously been indicated.

A "Sir Humphreyesque" reason for this U turn was given, in that there were administrative and regulatory complications and that instead some non-core ESB power generating assets might be sold. However is the real reason to keep the trade unions, at least roughly,...

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