Popular city centre department store Boyers is to close in January.
Boyers employs 48 people directly, and another 33 work for the company through concession stores.
Unions have agreed to negotiations with the owner of the Talbot Street department store on "the orderly wind down" of the company.
It comes just months after nearby department store Clery's was sold, and shut down without warning.
It's hoped workers at Boyers will be more involved in the winding down process, with the Mandate trade union commenting that while the news is "devastating", it welcomes "the commitment from the employer to negotiate not only adequate redundancy terms but also, where possible, the redeployment of staff."
SIPTU's Ethel Buckley said “The decision to close the company is a massive blow to its loyal workforce and the retail sector in the north inner city of Dublin which is still reeling from the sudden closure of Clerys in June."
"The coming weeks of negotiations will be difficult but we intend to ensure that an adequate agreement which suitably rewards the years of service of the Boyers workforce is agreed", she added.
