Collapse of company leads to loss of 109 jobs

More than 100 employees of a Co Wicklow manufacturing company have lost their jobs following the discovery of a series of major accountancy discrepancies in the company’s books.

Ian Kehoe - avatar

Ian Kehoe

24th March, 2007

Swedex, a manufacturer of Swedish windows and doors, collapsed last week with multi-million euro debts and the loss of 109 jobs. The High Court put the company into provisional liquidation on Friday, following a petition by the company’s directors.

Many customers who paid deposits for doors and windows will lose significant sums. The court was told the company’s directors had discovered accounting errors earlier this year. The errors came to light following the appointment...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago