A LONGSTANDING CONSTRUCTION group has been called on to clarify what the future holds for its workers, after a provisional liquidator was appointed to oversee two of its companies.
The judge said the provisional liquidator would help ensure an orderly winding up of the businesses, and he granted powers allowing the retention of employees and sub-contractors working on various projects including ones in Dublin, Cork and Kilkenny. Some senior members of management may also be resigning, according to two sources who spoke to this publication.
Trade union Siptu, which told The Journal it had been alerted to issues within the company in recent weeks, stressed that SIAC needs to clarifies the future of its work with its staff. The High Court heard that the company has been beset by difficulties, due to the negative impact cause by Covid-19 on the construction sector, a significant increase in costs in labour and materials and insurance and bonding difficulties.