State-owned Bord na Móna has agreed to sell its waste management division to KWD Recycling, but the deal has been met with resistance from the largest trade union in Ireland, Siptu, who are planning a strike ballot. The sale price was not disclosed, but Bord na Móna previously reported €108.4 million in annual recycling revenue.
State-owned Bord na Móna announced on Friday that it had reached an agreement to sell its waste management division to KWD Recycling, headquartered in Killarney, Co Kerry. While the financial details of the transaction were not disclosed, Bord na Móna previously reported €108.4 million in annual recycling revenue for the fiscal year ending March 2023.
The largest trade union in the country, Siptu, has urged the Minister to block the deal, citing that its members have indicated their intention to hold a strike ballot. A spokesperson for Mr. O’Brien’s department stated that any proposals or agreements to sell a portion of Bord na Móna’s business are subject to regulatory approval, including ministerial consent, and will be evaluated upon receipt of a formal request from Bord na Móna.The potential sale has raised concerns among workers and trade unions. Adrian Kane, Siptu organizer, expressed deep worry regarding the sale of the last remaining publicly-owned waste collection service. He emphasized that this semi-State company, part of a group that generated over €100 million in profit for the State in 2024, is renowned for setting the benchmark for environmental and workers’ rights compliance within the sector. Bord na Móna did not provide a statement addressing Siptu’s criticisms. However, in a recent statement, Bord na Móna assured that all employees would continue their work within the recycling business, with no alterations to their existing contractual terms and conditions upon the transfer of ownership.Bord na Móna's waste management division plays a significant role in the Irish waste collection landscape. The company collects waste from 133,000 households and businesses across Leinster and north Munster. It operates recycling centers in Dublin, Kildare, Laois, Offaly, and Wexford. The potential strike action could disrupt waste collection services for a substantial number of customers. The outcome of this deal and the subsequent impact on waste management services in Ireland remain to be seen.
BORDER NA MÓNA WASTE MANAGEMENT KWD RECYCLING SIPTU SALE IRELAND UNION STRIKE REGULATORY APPROVAL
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