Displaying items by tag: €10,000 loyalty

18th October 2020

Personnel in Naval Service to Get €10,000 Loyalty Payment

Personnel within the Naval Service have been thrown a financial lifeline, reports Irish Examiner, in the form of a €10,000 loyalty payment, which it is hoped will stem the exodus of trained crew members.

Defence Minister Simon Coveney has announced extra money for personnel who sign up for four years' service and undertake two of those years on seagoing patrols.

Naval Service personnel normally undertake a two-year cycle of patrol duties followed by two years of shore duties. Under the terms of Mr Coveney's 'Sea Going Service Commitment Scheme' they will have to complete a minimum of 240 days on sea patrols during a two-year period to qualify for the payment, which will be provided in four six-monthly tranches of €2,500 and will cost up to €1.2m each year.

The payment will not apply to those with less than three years' service because they're not considered to be fully trained.

It is similar to a loyalty bonus given to air corps pilots a few years ago to ensure they signed up for a minimum period of service.

More here on this scheme to encourage retention of crew personnel.

Published in Navy

Tagged under

Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.