Eighty-five jobs are to go in Galway City with the closure of a number of businesses, all part of the Jona Group.
The venues, which include a number of pubs, an off-licence and a nightclub, will go into voluntary liquidation.
In a statement released last night company director John Grealish blamed the economic downturn and rental costs for their closures.
Staff at the Cellar Bar, Cuba nightclub, Bar 903, and the Harvest off-licence chain were given the news on Saturday.
Sales had plummeted in recent years and since 2008 costs were scaled back through pay cuts, redundancies and a reduction in working hours.
Mayor of Galway City Michael Crowe said support is there for those affected.
"To lose a job in any circumstances is difficult," Mr Crowe said. "Certainly if there is anything we can do at local authority level… we won't be found wanting."
The remaining businesses in the Jona Group are unaffected.