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Tuesday, 26 August 2014

3 CRITICAL QUESTIONS.

Following the publication of the article detailing bonus scheme for 4 top executives at Aventas, we in CIC have been inundated with calls from furious workers who want the following questions addressed:

1 Do the banks and bondholders believe that one million and 89 thousand for one year's work at Aventas is not sufficient remuneration for the Chief Executive and is this why they facilitated the topping up of his salary along with 3 other individuals at a time when the ordinary workers who have given decades of service to the company, are uncertain if they will even have a job next week?

2 Could it be that they are achieving a better price from QBRC than they expected or believed the company was worth, and is this their way of rewarding the 4 executives for achieving this price?

3 Are the banks and bondholders aware that valuable company assets have been sold off AFTER the deal with QBRC was done and is it possible that this is their way of rewarding the men who organized these questionable sales?

We in CIC can only go on what we are being told by furious workers and we sincerely hope that their worries are without foundation, but time will tell.

It would be interesting to know who gave this story to the Sunday Business Post and what the purpose of putting such information into the public domain is, at a time when there is serious unrest in the area. Are the banks and bondholders aware of the volatility of the situation? The last thing any of us want is a return to civil unrest and sabotage.

Separately we in CIC had a serious telephone call tonight from an angry Mother who has warned that the back roads to Swanlinbar and Kinawley from the Cement Plant are "accidents waiting to happen" because of lack of maintenance.

She told us that it is absolutely horrifying that large loaded trucks have to swerve and travel on the wrong side of the road to avoid massive potholes and that this poses very serious hazards for road users. She spoke about the alarm and dismay at the state of the roads and the implications of same for locals. It is estimated that it will cost millions to bring them up to a reasonable standard and she asked that we highlight same as she says that the locals have stated that there will be serious consequences for those who put the lives of the public at risk.

She pointed out that there were never problems like this when Sean Quinn was at the helm and she spoke about the good relationship that he and his management team had with the locals. She finished by saying that the relationship between locals and current Management is at an all time low and residents, land owners, and road users have had enough.

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