New way for peat’s sake

Bord na Mo´na may have been formed to exploit the bogs of Ireland, but now it has become their custodian and the company is plotting a new future for itself

Ian Kehoe - avatar

Ian Kehoe

4th April, 2009

Sometimes tough choices can be the easiest ones to make. Just ask Gabriel D’Arcy. Last Wednesday, the chief executive of Bórd na Móna told staff that the global financial crisis had eroded the value of the group’s pension funds. One defined benefit scheme, to which 240 workers had contributed, had a €52 million deficit.

D’Arcy called in the unions and told them that the state company was not...

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