Greyhound Recovery and Recycling workouts have reached an agreement, which puts an end to the 14-week long lockout at the firm.

The ballot followed intense negotiations over the weekend between SIPTU union representatives and the management of the waste disposal company.

SIPTU Utilities and Construction Division Organiser, Owen Reidy, said: "This agreement hopefully brings to an end a long and difficult period for the workers and their families. Throughout, the workers have remained united and it is this solidarity that has made an agreed solution to this dispute finally possible."

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The agreement includes a redundancy package of two weeks pay plus statutory entitlements of two weeks per year of service for the workers who have decided to leave Greyhound Recycling and Recovery.

Thirteen of the workers who are remaining with the company will retain their previous terms and conditions. These workers will work on a Dublin City Council contract to collect waste from social housing units and will be selected according to length of service at the company.

Workers who are remaining with the company but will not be working on the social housing contract have agreed a wage reduction of between 15% and 20%. These workers will also be compensated for the changes in their terms and conditions of employment by receiving a payment of a sum equal to 30% of the redundancy package to which they would have been entitled if they were leaving the company.

(CD/IT)