Donegal financial services firm to close with loss of 26 jobs
Some 26 jobs have been lost at Donegal financial services call centre Eist agus Cuidiú Teo, it emerged this morning.
The company, established in Gweedore last August and offering services to people to get out of financial trouble through debt management, announced that it is going out of business with all employees to be made redundant.
The company said it was unable to find a way out of its own financial troubles, despite significant state aid, Highland Radio reported.
Donegal Senator Brian Ó Domhnaill has described the impending closure of Eist & Cuidiú Teo as a major blow for Gaoth Dobhair, and disastrous for the 26 employees who will soon be out of work and out of pocket.
The financial services call centre was established in Gaoth Dobhair last August with the support of Údarás na Gaeltachta. Less than a year later, the company is ceasing operations. Management is meeting with staff this afternoon.
Local senator Brian Ó Domhnaill said the circumstances of the closure are deeply worrying.
“Not only are the 26 full and part time workers set to lose their jobs, but they are also owed 4 weeks' pay which they have not yet received," Senator Ó Domhnaill claimed.
"Together with holiday pay and other entitlements owed, some staff are out of pocket by up to 7 or 8 weeks' pay."
The senator said the company, which was selling to the UK market, is owed a substantial sum of money from clients and has been forced to cease operations due to cash flow problems.
