Facebook gives Irish employees more than € 300 million in shares



Facebook has transferred more than $ 360 million (€ 304 million) worth of shares in the social media giant to employees in Ireland in the past five years, the Sunday Business Post reports.

The newspaper said Facebook, which also owns WhatsApp, has awarded staff $ 185 million in stock and another $ 180 million in awards that have not yet been awarded. The news comes at a time when Facebook is coming under political pressure in Ireland to grant full-time employment rights to hundreds of content moderators, many of whom have to follow extreme content on the group’s platforms.

The government is planning ‘hybrid’ work opportunities for civil servants

The Sunday Business Post also reports that the government plans to have a number of officials usually based in Dublin working in regional hubs for part of the week by the end of next year.

While most civil servants are currently working from home amid Covid-19, the government is working on a post-pandemic ‘hybrid’ model to ensure a better work-life balance. The hope, according to the paper, is that the planned model will succeed where the decentralization drive fails.

Beacon Hospital has applied to develop the Limerick clinic

Beacon Hospital Sandyford, the largest private hospital in Dublin, owned by businessman Denis O’Brien, has filed for planning permission to develop a day clinic for medical adviser, diagnostics and day surgery in Limerick, according to the Sunday Independent.

Opened in 2006, the hospital has satellite clinics in Dublin, Drogheda, Mullingar and Wexford. Last year it posted an operating profit of € 7.2 million.

U + I and Colony see receivers appointed to office buildings in Dublin

US lender Quadrant Real Estate Advisors has appointed bankruptcy trustees for companies owned by London-listed developer U + I Group and California-based Colony Capital located behind two Dublin office buildings, the Sunday Times reports.

The paper said Kieran Wallace of KPMG has been appointed trustee for certain assets of a company that developed Donnybrook House, a prominent six-story office development in Dublin 4, which is struggling to find tenants for some of its floors. Mr. Wallace has also been appointed as a receiver for certain assets in a company used to develop an office building in Sandyford, South Co Dublin, called The Hive, he said.

Davy understands Sarasin’s Irish unity

The Sunday Times also reports that Davy is acquiring the Irish business of UK-based asset manager Sarasin & Partner, marking the tenth acquisition of the Irish broker and investment company since 2012.

Sarasin will not be able to continue its Irish unit, which reportedly has “hundreds of millions” of assets under management for Irish clients, as a branch of the London company after the Brexit transition arrangements expire late next month. Sarasin is ultimately controlled by J Safra Sarasin Holding, a Swiss private bank.


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