Wednesday 24 January 2018

It runs in the family as Ryanair chief's uncle clashes with union

WHAT is it about those O'Learys and Siptu?

While it's been some time since Michael O'Leary tangled with the trade union, the Ryanair chief executive's uncle on his mother's side has now taken up the baton in the family struggle with the union.

Siptu and uncle Noel O'Callaghan are clashing over the hotelier's decision to cut wages at the Davenport Hotel and Mont Clare Hotel following the recent IMF-inspired decision to cut the minimum wage.

Five Siptu members at the hotel have refused to sign new contracts accepting the cuts and they have won support from Fine Gael leader Enda Kenny, Labour Party deputy leader Joan Burton and Sinn Fein equality spokesman Aengus O Snodaigh.

An O'Leary trying to cut costs and running into problems with the unions and opportunistic politicians. What's new?

Walkers team complete

EIGHT months after law firm Walkers first announced the move which surprised many of the country's business-minded legal eagles, Paul Farrell has finally joined the rest of the team at Walkers' new Dublin office.

The fund guru left Matheson Ormsby Prentice last August along with partners Garry Ferguson and Ken Rush to join Walkers' Dublin branch headed by Vicki Hazelden. Mr Farrell spent the last 13 years at MOPs where he practised as an asset management partner, leading their alternative investment arm and advising many banks and financial institutions about the ins and outs of UCITS funds, non-UCITS retail funds, professional investor funds and the like.

Mr Farrell and his colleagues are likely to be busy; the value of Irish domiciled funds reached almost €900bn last year with nearly 11,000 funds and sub-funds.

Irish Independent

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