Hundreds of people attended a rally in support of former Clerys department store staff in Dublin yesterday.
Members of the public, politicians and trade union officials joined the protest. It comes after 460 staff including more than 300 employed within concessions were told on Friday that the business had gone into liquidation and was closing with immediate effect.
It has now emerged that the 130 direct employees of Clerys will receive any unpaid wages and holiday pay owed, as well as basic statutory redundancy.
A spokesman for trade union Siptu told Drapers businesses with concessions have about €3m (£2.2m) worth of goods inside the store. Some will be able to begin the process of retrieving stock from today (June 17).
They are also owed around €2m (£1.4m) in cash from in-store sales for the past six weeks, which was being held in trust by OCS Operations, trading as Clerys, according to the Irish Independent.
They had been due to be paid the money on Monday, however, it is understood liquidator KPMG found there was not enough cash on the books.
Helen Lynch, owner of the Best of Irish Design concession, told the Irish Independent she had about €150,000 (£108,000) worth of spring 15 stock in the store, which must be sold in two to three weeks or “it is pretty much worthless”.
She said she was hoping to move some of the 12 staff she employed in Clerys to her other concessions in Arnotts and Boyers, but some would have to be let go.
The Siptu spokesman said the union met with business minister Ged Nash yesterday and was considering holding further protests.