The liquidator appointed to Target Express has described the company as "hopelessly insolvent".
Grant Thornton was appointed by the High Court overnight, for operations in the Republic – where 297 staff are based including 15 in Limerick- where a number of Clare employees are based, and a further 10 staff in Galway
Target Express employed almost 400 people in total, on both sides of the border.
It ceased trading on Monday – blaming the Revenue Commissioners for freezing the company’s bank accounts over a debt of 300 thousand euro.
Meanwhile, former workers staging sit-ins at plants in Cork and Wexford are due to meet the provisional liquidator later – in an effort to secure outstanding wages they say they’re owed – as well as statutory redundancy entitlements.
