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23/10/2012
Co Cavan Poultry Plant Closes With Loss Of 90 Jobs
90 jobs are to be lost as Co-operative Poultry Products announced the closure of its plant in Cootehill, Co Cavan.
Workers at the plant were informed on Monday evening that the plant was to close immediately.
In a statement, the company said it was "with great regret that we announce that we are left with no alternative other than to request Bank of Ireland to place our business in receivership".
The company had tried and failed to sell the business as a going concern.
It said its business had become loss-making, citing substantial feed price rises, rising energy costs, poor market prices until recently, and low quality imports.
Simon Coyle of Mazars has been appointed as the liquidator for the company.
(H)
Workers at the plant were informed on Monday evening that the plant was to close immediately.
In a statement, the company said it was "with great regret that we announce that we are left with no alternative other than to request Bank of Ireland to place our business in receivership".
The company had tried and failed to sell the business as a going concern.
It said its business had become loss-making, citing substantial feed price rises, rising energy costs, poor market prices until recently, and low quality imports.
Simon Coyle of Mazars has been appointed as the liquidator for the company.
(H)
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