Flanagan concerned about local small suppliers

LAOIS/Offaly TD Charlie Flanagan has been in touch with Richard Bruton expressing concern at the proposed Superquinn takeover by the Musgrave group.

LAOIS/Offaly TD Charlie Flanagan has been in touch with Richard Bruton expressing concern at the proposed Superquinn takeover by the Musgrave group.

Deputy Flanagan was commenting in the wake of reports that suggested small suppliers were being cast adrift by the move.

“ I am very concerned that small local suppliers may lose thousands of euros as a result a failure by Superquinn to honour their debts. In some cases cheques presented to the bank in good faith have bounced, leaving hardpressed suppliers in poor finanial straits. Jobs may be lost as a result.

“I have asked Richard Bruton to ensure that the claims of small suppliers are covered in any takeover as many will go under if debts are not met,” said the Fine Gael Deputy.

He gave a guarded welcome to the working group established by the Musgrave group to facilitate access to a new and expanded market but cautioned that by the time the market is available many small suppliers will have folded.

“250,000 small business represent the lifeblood of our recovering economy and every effort must be made to assist in times of crisis,” he concluded.