An acceptable solution will only be achieved either through the partial or full retention of the Irish business or, where absolutely necessary, the attainment of an enhanced redundancy package
Why is this important?
The decision by Debenhams management to put the company into voluntary liquidation is opportunistic and cynical.
Bank of Ireland is a part-owner of the business, along with Barclays, Silver Point Capital and GoldenTree. It beggars belief that an Irish bank bailed out by the Irish taxpayer, would place a company into liquidation without any negotiations with workers on a fair redundancy package.