Seanad debates
Wednesday, 27 July 2011
Order of Business
10:00 am
Mary White (Fianna Fail)
Yesterday I drew attention to the dire straits of the 600 Irish suppliers to Superquinn and the overnight takeover of Superquinn by Musgrave. I am delighted to say that Musgrave will make a fund of €10 million available to the Irish suppliers, particularly the people who do not have credit insurance if the company to which they are selling goes out of business. The big companies I named earlier such as Intel, the Kerry Group etc. will have insurance against losses but the small indigenous companies employing five, 20 or 100 people could go out of business because they do not have credit insurance. They cannot afford to pay for the insurance but their small food industries are a major contributor to every parish and county.
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