The owner of financier D2 Private Deirdre Foley was “directly involved in” the events, which immediately preceded the collective redundancies of 467 workers at Clery’s department store, inspectors investigating those redundancies have told the High Court.
IF there is even a grain of possibility in the suggestion in the report to Government on the Clerys closure by Minister for Business and Employment Ged Nash that, in economic terms, the State may well turn out to be the biggest loser as it might have to pay entitlements to former employees of the company then new legislation is required urgently.
IF the Greek crisis shows international capitalism in its very worst light then the scandalous treatment of Clerys workers by that company’s new owners is a perfect example of the abuse of financial power at a domestic level. Yesterday the High Court confirmed the appointment of joint liquidators to the company which once operated Clerys.
The announcement of grandiose plans to redevelop Clerys department store in Dublin strikes like a trespass on public patience while the former Clerys’ employees flounder in frustration, anger and bewilderment for some semblance of dignity, validation and due process.
Stunning state pensions for Ahern and Cowen, but just statutory redundancy for the Clerys workers turfed out of the building like trash in a feat of financial twisting that was perfectly legal, but morally appalling, writes