160 jobs lost as meat firm shuts
One of Ireland's best known meat processing plants has closed with the loss of 160 jobs.
Sausage maker Olhausen has ceased trading at its plants in Blanchardstown and Coolock in Dublin and in County Monaghan.
Receiver Jim Hamilton, of BDO, informed representatives of the 160 workers that the company has closed without notice as it is no longer a going concern. He was appointed by Ulster Bank.
Siptu organiser Colm Casserly confirmed the 160 staff members affected will be paid outstanding wages for work over the past two weeks. They can expect to receive their money next week. Staff are also entitled to statutory redundancy pay, which could take between four and six months to process.
Olhausen began as a retail butcher shop in Talbot Street, Dublin, in 1896 and over the years evolved into one of Ireland's foremost suppliers of traditional pork-based meats. It is best known for sausages, puddings, bacon and pork products which are sold under the brand names Olhausen, Byrnes and Kearns.
State-of-the-art distribution and production facilities were based at its headquarters in Blanchardstown, with further production plants based in Coolock and Lough Egish in Monaghan.
BDO receivers Mr Hamilton and David O'Connor said the main focus now was ensuring all staff get their entitlements as quickly as possible.
"It is with regret that the company has been forced to cease to trade and unfortunately we have today had to inform the employees that all positions within the company are now redundant," they said in a statement. "Our primary focus is now on completing all the necessary paperwork in order that employee entitlements may be processed as quickly as possible."
They added that they will try to find a purchaser for the remaining business and assets.
Olhausen board members were forced to seek receivers after failing to find a buyer for the struggling business. The company had been suffering financial difficulties and had been working with advisers and the bank to try to salvage the business.