Liquidator negotiating payment details with Target Express staff
on 29/08/2012 19:12:51
The joint liquidators, Steve Tennant and Michael McAteer of Grant Thornton are currently meeting with the former workers of the haulage company at its plant in Cork, to discuss the worker's outstanding wages and redundancy payments.
It was announced on Monday that the company was to cease trading with the loss of almost 400 jobs throughout the country.
The haulage firm said it was because Revenue froze its bank accounts due to a debt of €300,000.
The provisional liquidator will now take charge of the assets in Target Express. It hopes to meet with all of the firm's former staff tomorrow in order to ensure that the terms and conditions of their employment are fulfilled.
In the meantime though, 18 former Target Express staff are continuing their sit-in protest at the company's depot in Little Island in Cork.
Workers have been telling Cork's RedFM that they were told nothing.
"Revenue are saying nothing, and the owners of the companies are saying nothing either," one said.
"Both sides are blaming each other, so it's hard to know," said another.