Proctor and Gamble has said it will pay the loyalty money awarded to its Nenagh staff by the Labour Court and will not appeal the decision.
The global pharmaceutical company sold some of its products to Coty for €12bn ,with the full sale to go through at the end of this year.
The 250 staff in Nenagh had put in a claim for a loyalty payment as well as guarantees that pensions would be protected and a share schemes upheld following the takeover.
In a statement to the Tiperary Star, the company said: “P&G values its employees and believes that their contributions have been rewarded through market-competitive salaries, benefits and plans. Whilst we do not agree with the Labour Court ruling, which was made in the context of the history of the site, we respect the Irish legal process and on this occasion will be making the payment to Nenagh employees.”