Type
Bankruptcy
Country
Ireland
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.41 - Freight transport by road

398 jobs
Number of planned job losses
Job loss
Announcement Date
27 August 2012
Employment effect (start)
Foreseen end date
27 August 2012

Description

Following the closure of Target Express, one of Ireland's road haulage companies, 398 jobs were lost when it ceased operations on August 27th. 

The managing director attributed the closure to what he termed the hardline position adopted by the Revenue Commissioners in relation to outstanding financial liabilities.

The Revenue Commissioners declined to comment on the case.


Sources

  • 28 August 2012: The Irish Times

Citation

Eurofound (2012), Target Express, Bankruptcy in Ireland, factsheet number 74094, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74094.