Howley Civil Engineering, a €40 million engineering firm that has received High Court protection from its creditors, has laid off 80 staff and introduced cost-cutting measures in an effort to save the business.
Brian McEnery, the examiner to the firm, is in negotiations with two potential investors about taking a stake in the business. An investment memorandum outlining the company’s position is being prepared, and will be circulated among other potential investors in the coming days....
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