2,800 jobs at Superquinn secured as directors withdraw examinership bid

THE future of 2,800 jobs at Superquinn has been secured after its directors dropped a legal challenge to put the business into examinership.

The court action was withdrawn when the Musgrave Group announced plans for a €10 million fund to pay suppliers who lost money when the supermarket chain went into receivership.

Gerry Light, of the Mandate trade union, said the move was in the best interests of the business and all the stakeholders, particularly its members.