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...

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