Whelan workers hit out at NAMA

WORKERS made redundant with the collapse of the Whelan Group yesterday expressed their anger at the National Assets Management Agency’s role in the liquidation of the quarrying group.

In the High Court last Friday, the group’s directors withdrew their petition for court protection after NAMA — which took over €50 million of debts owed to Anglo Irish Bank — opposed examinership because of the proposed large write down of secured debts.

The move resulted in the court winding up five Whelan Group companies with the loss of 140 jobs.