160 jobs are lost at Dan Morrissey's
Published 12/08/2014 | 05:24
The jobs sector in county Carlow was dealt a devastating blow last week as one of the area's biggest employers, Dan Morrissey's Ltd in Bennekerry, handed out P45s to members of staff following a failed examinership.
A total of 160 employees are losing their jobs at the long-established quarrying and concrete production firm as a result of the situation which saw receivers appointed to the company for a second time.
AIB, who are reportedly owed in the region of €27million, had previously appointed joint receivers, but those were removed by the court and an examiner was appointed. The bank said that it would provisionally not oppose the examiner's efforts to come up with a survival plan for the company in the hopes of saving the 160 jobs in the area.
However, it later emerged that AIB had said that they were no longer prepared to provide the necessary finance for a viable survival arrangement and, for that reason, examiner Brian McEnery said he could not recommend that the examinership period be further extended.
A solicitor speaking on behalf of the receiver said that he hoped there would be a trading receivership so as many jobs as possible could be saved, however AIB have said there are no guarantees. Solicitor for Dan Morrissey's Ltd Bernard Dunleavy said that it was a disappointing situation from the point of view of the company, its shareholders and employees, but he accepted that the examiner had done his best.
Staff who had staged a sit-in at the company's offices when it emerged that the survival plan for the company had failed were last week given advice on how to access social welfare in what was a massive blow for employment in the county.