ESB unions have officially lifted their threat of industrial action which could have plunged the country into blackout from next Monday.
A statement from the ESB Group of Unions said there would be no strike action at the semi-state power company following a “clear and definite” resolution of its pensions issue with management.
The row centred on a €1.7bn hole in the company’s pension fund. Workers claimed they would be hit with smaller pensions in the event of a shortfall, but management agreed to address any shortfall through internal procedures.
A meeting of the Disputes Committee, which had threatened all-out strike from December 16 next, decided to lift the threat after a weekend of intensive negotiations chaired by the Labour Relations Commission.
Five unions are involved, and in a statement said they wished to thank group of unions secretary Brendan Ogle for the “determined and dignified” manner in which he dealt with the issue.