331 jobs in SME sector saved by examinership in second quarter
Latest data from chartered accountants Hughes Blake shows that 331 jobs in small and medium-sized companies were saved between the beginning of April and the end of June, through struggling SMEs opting for examinership when seeking court protection. In the year to date, just over 700 jobs have been saved in this manner.
The Government last year introduced new legislation making it easier for SMEs to apply for examinership. By allowing them to apply via the Circuit Court, rather than the High Court in Dublin, costs can be cut by 30%. It also allows firms with fewer than 50 employees to enter the process.
