Date Published: 11-May-2011
BY ENDA CUNNINGHAM
A major Galway construction company has shut down all of its building sites, with the temporary loss of more than 450 jobs, in an eleventh hour bid to secure its future.
Cordil Construction says it is owed “substantial monies” for Department of Education and HSE building projects, and directors have made phone calls to ministers in recent days in a desperate bid to save the company. It now has a two-week ‘window’ to secure bank funding and save the jobs.
It’s understood Cordil’s cashflow has been put under severe strain because of strict conditions imposed by Government contracts.
The company – well-known as a school and homebuilder – told its 51 permanent staff and more than 400 subcontractors yesterday (Wednesday) it was closing down sites for a fortnight while it attempts to secure a temporary overdraft from its bankers.
The company is currently working on 15 projects around the country worth a total of €27m – including seven major Government schemes.
At the moment, Cordil – which was formed in 1990 – is working on an extension to Colaiste Iognáid (the ‘Jes’) and a new arthouse cinema in Galway City, as well as new dressing rooms for Galway Hibernians Football Club.
Managing Director Gerry Dillon told the Connacht Tribune: “Cordil’s operations on live projects were severely affected by the inclement weather conditions experienced last December and January, and a consequence of this is that the company’s cashflow has been put under tremendous strain since the early part of this year.
“Cordil is owed substantial monies from various contracts for Government departments, including the HSE and Dept of Education.
To continue to work on its life sites and safeguard jobs, the company has requested an overdraft facility from its main bankers, which is currently under consideration.
Read more in today’s Connacht Tribune
Appeal for information following Portumna crash
Date Published: 08-May-2013
Gardai are appealing for witnesses following a single vehicle crash at the Portumna bridge this morning.
The road from Nenagh to Loughrea reopened shortly after 11 this morning following the completion of a technical exam.
Four men were travelling in a van when they hit the Portumna bridge around 6:30 this morning.
Gardaí, ambulance and two units of Portumna fire services rushed to the scene, and one of the men was taken to Portiuncula hospital in Ballinasloe.
He is being treated for head injuries, which have been described by Gardaí as serious.
Anyone with information is asked to contact Portumna Garda station on 09-097-42060
President Higgins among GMIT’s first ever honorary fellowships
Date Published: 10-May-2013
GMIT is to honour seven outstanding individuals including President Michael D Higgins with Honorary Fellowships at a special ceremony later this month.
It’s the first time in the 40 year history of the Institute the Governing Body of GMIT has decided to award honorary fellowships.
The GMIT Honorary Fellowships will be conferred at the g Hotel in the city this day two weeks Friday 24 May at 2.30pm in front of 200 invited guests.
Galway commuters hold their breath as LRC intervenes in bus strike
Date Published: 13-May-2013
Galway commuters are holding their breath as there has been a potential breakthrough in the Bus Eireann dispute, as both sides have agreed to talks at the Labour Relations Commission.
The LRC intervened this afternoon, on day two of strike action that has seen 95 per cent of bus services disrupted across the country.
The LRC’s Director of Conciliation Services, Kevin Foley, says the National Bus and Rail Union and the company have agreed to meet for mediated talks at 8 this evening.