THE threat of redundancy to more than 100 city staff has been lifted after two retail chains emerged from examinership.
And some 30 local staff were left fearing for their jobs at the two Limerick branches of fashion chain Pamela Scott, which was also in examinership.
Examinership is a process which allows a company a three month period to restructure its debts, and ensure its future viability.
On this occasion, the two national chains appear to have been able to do this successfully.
Pamela Scott has two branches in Limerick - one in Bedford Row, and one at the Crescent Shopping Centre.
According to the parent company Flairline Fashion, negotiations with its landlords have ensured that overheads have fallen 40% since 2007.
Brian Mooney, chairman of B&Q Ireland, paid tribute to staff who, he said, have maintained standards and service throughout a challenging period.
“B&Q Ireland employees have had a challenging three months, and so today’s encouraging plan is a great relief. We are more committed than ever to our operations in Ireland, and our loyal customers and employees,” he said.
B&Q employs a total of 800 people nationwide.