Tag Archives: €63.5 million in compensation

Irish fishing fleet to be gutted by one third to make Brexit quota – “This is a very sad day.”

Sixty trawlers will be decommissioned and taken out of business by the end of next year leaving just 100 vessels left in the whole country. The Government is to pay out €63.5 million in compensation from EU funds to the fishermen who are leaving the industry. All of the country’s fishing groups agreed to the deal except the West and South Fish Producers Association. Precise details are expected to be given to the Dail in the next week or two. >click to read< 07:30