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450 laid off as Galway construction firm shuts sites

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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

Galway Bay FM News Archives

Retail industry trade body welcomes B&Q announcement

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Date Published: 07-May-2013

Retail Excellence Ireland, the country’s largest retail industry trade body, has welcomed the news that 60 jobs have been saved at the city branch of B&Q.

It’s after the home improvements store successfully exited examinership.

Under the scheme, 2.4 million euro is to be invested by parent company Kingfisher plc, and B and Q will continue to trade at eight stores

This means 640 jobs have been saved nationwide, including 60 at the outlet in Knocknacarra.

However, David Fitzsimons of Retail Excellence Ireland says landlords need to be willing to help out smaller retailers too.

 

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Galway Bay FM News Archives

Foundation reports nine Galway heart deaths each week

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Date Published: 09-May-2013

Nine people die in Galway every week from heart disease and stroke.

That’s according to the Irish Heart Foundation, which is launching its Happy Hearts Appeal today. (9/5)

An Taoiseach, Enda Kenny, launched the appeal today to help raise funds for the charity, which has seen increasing demand on its patient services.

The Foundation says it needs to raise at least half a million euro to maintain existing information services.

 

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Galway Bay FM News Archives

Call to tackle delays at Oranmore rail crossing

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Date Published: 13-May-2013

Concerns have been raised over traffic delays at the railway crossing in Oranmore.

Councillor Jim Cuddy says he has received many representations from local motorists who have been experiencing extended delays.

He says the closed barrier can sometimes cause a traffic tailback as far as the roundabout near the Maldron hotel.

Cllr Cuddy has brought the matter to the attention of Iarnrod Eireann and has asked for an explanation as to why the crossing is closed for so long.

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