Major Irish Chicken Producer Facing Liquidation
One of Ireland's biggest poultry producers was engaged in a desperate race against time last night to save 250 jobs, including part-time and seasonal workers.
Cappoquin Chickens was placed under the protection of the High Court in May. Financial information released then showed a deficit of more than EUR806,000 as a going concern, and one of EUR7 million if wound up.
Higher feed costs, bird flu and cheap South American and Far East imports are being blamed for the firm's reported demise.
Yesterday, hundreds of farmers, suppliers and workers staged a special rally to underline their fears for the future as the family-run firm faces a looming liquidation deadline.
Cappoquin Chickens was placed under the protection of the High Court in May. Financial information released then showed a deficit of more than EUR806,000 as a going concern, and one of EUR7 million if wound up.
Higher feed costs, bird flu and cheap South American and Far East imports are being blamed for the firm's reported demise.
Yesterday, hundreds of farmers, suppliers and workers staged a special rally to underline their fears for the future as the family-run firm faces a looming liquidation deadline.