Business Irish

Sunday 25 February 2018

Shock as Boyers to shut up shop with the loss of 83 jobs

Customers queue for a sales promotion at Boyers recently
Customers queue for a sales promotion at Boyers recently

Donal O'Donovan and Emma Jane Hade

Boyers department store will close next January following an orderly wind-down, the company's owners have announced.

The store employs 83 people, either directly or in concessions, and is across the street from the recently closed Clerys on Dublin's North Earl Street, close to O'Connell Street.

Customers from all around the country were shocked as they attempted to gain access to the shop, which closed for the afternoon yesterday. It was due to reopen this morning.

"Boyers is part of Dublin. I didn't think it would close down, it's terrible," Rose Preston, a Dublin customer, said outside the shop.

The department store is part of the Arnotts Group and the closure follows a takeover by developer Noel Smyth's Fitzwilliam Finance Partners.

Its imminent closure will have no impact on the operations of the nearby Arnotts department store, which will continue to trade as normal, the company said.

In marked contrast to the shock closure of Clerys with the immediate loss of all jobs, management and staff at Boyers were yesterday told the store will cease trading on January 31 next year, following an orderly wind-down.

Money to cover agreed redundancy payments for affected staff is to be ring fenced in a separate bank account that will be established in the joint names of Fitzwilliam Finance Partners and Mandate Trade Union.

A consultation process with employees and union representatives is under way, and management plans to implement what it described as a "comprehensive outplacement programme" to help staff find new work.

"The long notice period is designed to facilitate appropriate consultations with staff, along with suppliers and concession holders," Fitzwilliam Finance Partners said in a statement.

"Following its closure, the company will seek to sell the property.

"The decision to close the business was a very difficult one and was only taken after Fitzwilliam Finance Partners carefully considered all the options."

The decision to shut the Boyers store, which is a prime redevelopment site, came after Fitzwilliam Finance Partners failed to identify an operator to manage the store, it added.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business