Thousands of jobs could go as smaller suppliers are at risk

THOUSANDS of jobs have been put at risk at some smaller suppliers who delivered close to €28 million in goods to Superquinn, as the receiver does not have funds to pay them.

The receiver appointed to debt-ridden Superquinn said suppliers will be paid quickly for any secured stock on the shelves, but said that he is not responsible for unsecured stock, that is any stock without credit insurance.

Of Superquinn’s 660 suppliers, most meat, chicken, fruit and vegetables suppliers had credit secured for their stock. Of the €50m owed to suppliers, the receiver said €22m was covered by insurance, but denies responsibility for the €28m in unsecured stock.