UP to 25 full and part-time jobs in Limerick could be under threat across two Mothercare stores, after an interim examiner was appointed by the High Court.
Mothercare Ireland, a franchise of Mothercare UK, employs 276 people in 18 stores across the State, but they have warned that they cannot afford to support unprofitable stores.
Mr Justice Brian McGovern heard that a significant source of the company’s difficulties is having to contend with rents that significantly exceed current market rents.
Renegotiation of rents will be a significant aspect of the examinership process, the court heard.
Staff were informed of the move at its Limerick stores on Cruises Street in the city and in the Crescent Shopping Centre this Wednesday.
The company has emphasised that the aim of seeking court protection and examinership is to achieve a restructuring of the company, save as many jobs as possible and minimise store closures.
The company, which has traded here for 23 years, said it will continue to trade as normal process, staff and suppliers will be paid as normal and all gift cards and family card points will be honoured.