Instrotec rescue plan approved

High Court approves Joe Walsh’s rescue plan for Westport-based Instrotec Ireland, which saves the jobs of 480 workers

Ms Justice Leonie Reynolds praised the Revenue Commissioners for its pragmatic decision to accept the deferment of significant payments from Instrotec. Stock picture: Alamy

Examiner Joe Walsh’s rescue plan for Westport-based Instrotec Ireland, which saves the jobs of 480 workers, was approved on Thursday by Ms Justice Leonie Reynolds in the High Court.

Judge Reynolds complimented the pragmatic attitude taken by the Revenue Commissioners in deciding to accept the deferment of significant payments due to them in order to save so many jobs.