Nama and Vita Cortex owner in talks

Talks are taking place between Vita Cortex owner Jack Ronan and the National Asset Management Agency (Nama), which may see workers…

Talks are taking place between Vita Cortex owner Jack Ronan and the National Asset Management Agency (Nama), which may see workers engaged in a sit-in at a foam packaging plant being paid the non-statutory part of the redundancy money owed to them.

Thirty-two workers have been sitting in at the Cork plant.

According to sources, Nama has indicated it would be in a position to release non-statutory redundancy money if Mr Ronan was willing to give it control over an asset of the same value.