Fears for future of 500 jobs at bin service
FEARS are mounting over the future of 500 jobs after receivers were appointed to waste collection service Mr Binman last night.
Bank of Scotland, the companies' biggest creditor with €53m owed, said the receivers would operate the business as a going concern for the "short to medium term".
It said wages would be paid and waste collection services at more than 50,000 households would be maintained during that time.
Mr Binman is based in Kilmallock, Co Limerick, but operates subsidiary offices in Clare, Tipperary and Galway.
The firm directly employs 331 staff but a further 200 jobs are indirectly linked to the firm through contracting and support operations.
Last night, the Sheahan family -- which founded Mr Binman 17 years ago -- expressed "bitter disappointment" at the High Court ruling.
Kieran Wallace and Padraic Monaghan were appointed as joint receivers.