Fianna Fáil TD for Limerick, Niall Collins, has called on the creditors of Andersen Limited to seek the appointment of a receiver for the company instead of a liquidator.

Deputy Collins has criticised Andersen for seeking to appoint a liquidator at the forthcoming creditors meeting, which would lead to the wind-up of the company.

“I am calling on the main creditors of Andersen, especially Ulster Bank as the biggest creditor, to intervene and appoint a receiver instead of a liquidator at next Monday’s creditors’ meeting.

“By appointing a liquidator, the company is admitting defeat and acknowledging that it cannot be saved. We need to see immediate action by Ulster Bank to appoint a receiver to explore if Andersen can be salvaged. This is the least that the 169 workers and their families deserve.

“Andersen is a profitable company and I am again calling on them to establish education and training fund for employees to avail of so they can be adequately trained for re-entry into the workplace if it does close.”