Gama Irish losses swell to €15m

CONTROVERSIAL Turkish construction firm Gama, saw its losses in Ireland swell to more than €15 million in 2004.

The losses at the company, which was accused of paying hundreds of Turkish workers here as little as €2 an hour, were treble the amount recorded in 2003 despite its turnover increasing by €60m to €149m.

Its latest accounts show a deficit of assets over liabilities of €16m and it is reliant on its Turkish parent company support. Retained losses increased to €21m.