By Sarah Gill
04th May 2023
04th May 2023
Your speedy summary of today's must-read stories.
Redundancy laws
Minister fro Enterprise Trade and Employment, Simon Coveney, is set to bring a memo to cabinet to strengthen redundancy legislation, which would make all collective redundancies subject to a 30-day notification period. This would involve removing an exemption from notification requirements in respect of collective redundancies caused by the employer’s insolvency, allowing employees to seek redress from the Workplace Relations Commission where their employer makes them redundant before the 30-day notification period finishes.
International Criminal Court
Ukrainian President Volodymyr Zelensky will meet with the leadership of the International Criminal Court, which has issued an arrest warrant for Russia’s Vladimir Putin, after explosions were heard in the Ukrainian capital Kyiv and other cities. “We are in The Hague. We will meet the leaders of the International Criminal Court,” said spokesman Sergiy Nykyforov, referring to the court which issued an arrest warrant for the Russian president in March over a war crime charge.
East Cork outlet
Despite legal setbacks, the managing director of British-based Rioja Estates Giles Membrey has reactivated the plan it first mooted 36 months ago for the Tourist Outlet Village (TOV) in Carrigtwohill. The development of this East Cork outlet will cost €100 million based on current plans.
AIB income
AIB’s income was boosted by 70 per cent in the first three months of the year due to higher interest rates, leading the bank to raise its full-year forecast. AIB group now expects net interest income of more than €3.3 billion for the year, thanks to rising European Central Bank rates.
Trump on post-Brexit NI trade
Donald Trump has said the impasse over post-Brexit trade in Northern Ireland will be a “tough one” to resolve but insisted “we have to work it out”. The former US president commented on the deadlock at Stormont as he spoke to reporters on arrival at his Doonbeg golf resort in Co Clare on Wednesday evening. When asked for his view on efforts to resolve the long-running issue, he said: “Well we’re going to see, they’re negotiating and we’re going to see, there are a lot of negotiations going on in Ireland and other places right now, but it’s going be a tough one … It’s not an easy one. We have to work it out.”
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