Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

Under section 224 of the Companies Act, directors must have regard to the interests of employees. No one can say directors of any of the companies, shelf companies or otherwise, involved in this transaction have had regard to the interests of the employees. This is a chance to have the matter referred to the Office of the Director of Corporate Enforcement to send a signal that we will not allow this to happen again, that this cowboy capitalism which places workers who have given a lifetime of service so far down the list of priorities will not be allowed in this country. At some stage the Minister of State will have to make a call on whether he will make a complaint under section 224, or others will do so. Will he respond to the question on putting a representative of the State on the creditors' committee to monitor the liquidation?

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