Major blow for North West as receiver is appointed to McCormack’s – Scanlon

Published on: 15 June 2016

Fianna Fáil Spokesperson for Employment & Small Business Eamon Scanlon has expressed his shock following the appointment of a receiver to McCormack’s garages. The forecourts, oil distribution facilities and garages were closed on Monday after Bank of Ireland appointed Grant Thornton as receivers to the company.

Deputy Scanlon commented, “Over 200 full and part time workers have been left reeling following the closure of the outlets in Sligo, Castlebaldwin, Drumshanbo, Manorhamilton and Leitrim village.  Stores in Co. Cavan and Co. Meath have also been shut.  This has come as a major shock to workers, who now face an uncertain future.

“This is an extremely anxious time for these workers and their families and I would urge the receiver to ensure that the businesses are sold on as going concerns so that the maximum number of jobs can be protected.  The move also has a knock on effect for suppliers, who may not get payment.

“The manner in which the businesses were closed raises concern.  The speed at which the receivers were able to move in and shut the outlets down is not only shocking, it is worrying.  I would like to see more transparency in this area, because it is not only the company owners that are impacted, it is employees, customers and suppliers.

“In the short term, efforts need to be made to secure as many of these jobs as possible.  The McCormack name is well known throughout the North West and it has been a significant employer and service provider in the region.  I am urging the receiver to ensure that these businesses are sold as going concerns so that jobs and services can be protected”.

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