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Clerys Businesses To Retrieve...

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Clerys Businesses To Retrieve Stock Today

98FM
98FM

08:24 17 Jun 2015


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Some of the 50 businesses which had concessions in Clerys will be allowed into the building to retrieve their stock today.

Concession holders estimate that they have around 3 million euro worth of goods in the store, which announced last Friday that it was to close immediately.

However businesses may not get about 2 million euro owed to them in cash.

It after Clerys liquidators KPMG said there was not enough money available to cover the payments.

Yesterday unions were told that there was no money left to cover the cost of redundancies or back pay and that the State Insolvency Fund is the only avenue open to workers.


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