€100 million for ESB workers

€100 million for ESB workers

ESB workers to be offered €100 million share bailout deal.

The government is set to sign off on a new share bailout deal worth up to €100 million for ESB workers.

The ESB gave out the shares to its workers in lieu of pay rises back in 2001. But the promised windfall never came, with workers complaining they were unable to sell their shares due to a lack of demand.

Now the ESB has been forced to belatedly fix the problem, with a massive share buyback plan...

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