Business Irish

Wednesday 13 December 2017

Fas stops payments to IBEC

shane ross and nICK wEBB

Whisper it. Our old friends in Fas have done something right. The have joined the growing list of those withdrawing from the overpriced big employers' group Ibec.

A spokesman for Fas admitted last week that the banjaxed state agency has not paid a red cent to Ibec this year. Apparently Fas paid Ibec nearly €60,000 in 2009 -- just for membership. It is now reviewing the position and has so far paid nothing to the social partner. It was always difficult to understand why an employment agency, with a mandate to look after the jobless, wanted to be a member of a club whose biggest funders included Anglo Irish Bank, AIB, B of I, Irish Nationwide and semi-state basket cases such as CIE and the DAA.

Up to last year's purge, Ibec and Ictu had four nominations each to the Fas board. Sleepy as that board was, even the Ibec members might have woken up if they had seen an item on the agenda removing the €60,000 subscription to the employers' body.

Ibec will be bunched if the rest of the semi-states follow the Fas lead and pull out. Many members, including RTE, An Post, Coillte , the VHI, ESB and Bord Gais could save a fortune for the taxpayer. Ibec is a lobby group subsidised through the back door. Director general of the bloated Ibec Danny McCoy and his cohorts might have to take a pay cut. Worse still, they might have to reveal their salaries. Even the trade unions have come clean on that one.

Sunday Independent

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