Friday February 28, 2020

Comment: Questions for Bank of Ireland on Clerys deal

Dublin store's banker was repaid its debts while state picked up lay-offs tab, writes Tom Lyons

13th October, 2016
Former Clerys workers to receive 'goodwill payment'. Pic:

Clerys was always going to close, once it was sold. No business can make losses year after year like it was. Something had to give.

The manner in which the O’Connell Street store was closed continues to raise questions, however.

It was this restructuring which allowed the connection between Clerys' valuable property and its loyal workers be broken.

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