The Sunday Business Post reports that Facebook has handed over $ 360 million ($ 304 million) worth of shares to social media giant Ireland-based employees over the past five years.
The newspaper said that Facebook, which owns WhatsApp, has not yet paid $ 185 million in shares and $ 180 million in awards. The news comes at a time when Facebook is exerting political pressure in Ireland to give hundreds of content moderators full-time jobs, many of whom need to monitor extreme content on the group’s platforms.
The government is planning ‘hybrid’ work options for civil servants
The Sunday Business Post reports that by the end of next year, the government plans to allow some ordinary Dublin civil servants to work part-time at local centers for a week.
While most civil servants within Kovid-19 are now working from home, the government is working on a “hybrid” model to ensure a greater work-life balance in the wake of the epidemic. It is hoped that the planned model will succeed where the decentralization drive fails.
Beacon Hospital applies to the development of the Limerick Clinic
Beacon Hospital Sandyford, Dublin’s largest private hospital owned by businessman Denise O’Brien, has applied for planning permission to develop a day clinic for medical consultants, diagnostics and day surgery procedures in Limerick, the Sunday Independent reports.
The hospital, which opened in 2006, has satellite clinics in Dublin, Drogheda, Mallinker and Wexford. Last year, it had an operating profit of $ 7.2 million.
U + I and Colony see receivers assigned to Dublin office blocks
The Sunday Times reports that US lender Quadrant real estate consultants have hired receivers behind two Dublin office buildings for companies owned by London-based developer U + I Group and California-based Colony Capital.
The newspaper said Dane Wallace of Ahmedabad has appointed a receiver over some assets of a company that has developed a prominent six-storey office development in Dombyrock House, Dublin 4, which he struggled to find some tenants for its floors. Co. Co. appointed Mr. Wallace as receiver over certain assets of a company used to develop an office block in Sandford, Dublin.
Davy takes Sarasin’s Irish unit
The Sunday Times reports that Davy is taking over the Irish operations of UK-based asset manager Saracen & Partner, marking the tenth acquisition of Irish brokerage and investment firm since 2012.
Saras will not be able to continue operating the Irish unit, which is said to have “hundreds of millions of euros in assets” under management for Irish clients, and Brexit arrangements will end by the end of next month after the conversion. Sarasin is ultimately controlled by J Safra Sarasin Holdings, a Swiss private bank.