Dáil Éireann Debate, Tuesday - 21 April 2026
425. Deputy Brendan Smith asked the Tánaiste and Minister for Finance further to Parliamentary Question No. 92 of 5 November 2025, if he will ensure that employment is protected and the branch network retained in the event of the sale of an organisation (details supplied); and if he will make a statement on the matter. [27886/26]
View answerThe PTSB Formal Sale Process (FSP) was a PTSB-led process and from the outset, it was made clear that any proposal would be assessed holistically, including its impact on customers, employees, competition, and the overall health of the Irish economy.
Noting the PTSB Board recommendation, The Tánaiste and Minister for Finance, with the agreement of Cabinet, committed to voting all of the Minister’s PTSB shares in favour of BAWAG acquiring 100% of PTSB.
As outlined in the Rule 2.7 announcement under Irish Takeover Rules, BAWAG intends to maintain a meaningful national branch footprint to continue providing in-person services to customers. The existing contractual and statutory employment rights of all management and staff will be safeguarded in accordance with applicable law.
