The High Court has heard a significant number of jobs may be saved at insolvent trucking company Target Express, which ceased trading earlier this week over a Revenue debt.

The liquidator appointed to Target Express has said that there is no money left at the company to pay staff redundancy.

A provisional liquidator has been appointed this evening to Target Express in the Republic of Ireland.

Sacked haulage workers at tax debt-ridden company Target Express claim they have been told that a €154,000 pot to pay unpaid wages has been frozen by the Revenue Commissioners.