In a letter to Veritas employees, Patrick Cassidy, CEO of Veritas Communications, said that “Despite our best efforts, it is with regret that we announce the closure of the Limerick and Tallaght branches”. He continued, “The Limerick store will officially close on May 15, 2024. The Tallaght branch will officially close on May 17, 2024. We would like to thank each and every one of the staff in Limerick and Tallaght for their contribution to the company and send them our best wishes for the future. We appreciate that this will be a very sad day for all concerned and our thoughts are with you all”. The letter closes by thanking each staff member individually.
The Irish Catholic has been told that some staff members from the closing branches have been offered full-time positions in the company’s flagship store in Abbey Street. Others who don’t qualify for redundancy have been told they will receive vouchers as a gesture to thank them for their work.
Potential buyers are still believed to be interested in different parts of Veritas Communications but the company is remaining tight lipped on the negotiations.
It is believed that employees in the remaining six stores can apply for voluntary redundancy, but management will only consider the ones from staff members where their role is not deemed essential in the wind-down process. Applications for consideration of voluntary redundancy are to be put forward before the end of May. Workers deemed essential to the wind-down will continue in their role while the company continues negotiations with third party investors.