Fleming Construction under threat after court rejects restructuring plan
The decision by the five judges will result in the loss of more than 100 jobs at the Cork-based Fleming Construction Group.
It comes on foot of an appeal taken last year by Dutch-owned ACC Bank against the High Court’s ruling in relation to John J Fleming Construction, JJ Fleming Holdings and Tivway. They collectively have debts of over €1 billion, including €260 million owed to Anglo Irish Bank. A statement issued on behalf of Mr Fleming said he was very disappointed. He said despite a huge effort from all involved in the company, including staff and creditors, the actions of ACC Bank in opposing the restructuring plan would result in job losses.
