500 jobs in jeopardy after IT firm goes into receivership

HUNDREDS of jobs could be in jeopardy at a series of firms linked to the Calyx Group IT company after the firm was put into receivership.

In a statement confirming the news, a spokesperson for the Kavanagh/Fennell insolvency practice said the firm had been placed into receivership as the debt on its balance sheet was in excess of its annual turnover of approximately €90 million.

As a result, the 500 staff working with the business group in the Republic, Northern Ireland and Britain may now see their jobs put at risk.