Cork faces further retail job losses as two more high street chains collapse

Cork faces further retail job losses as two more high street chains collapse

Fashion chains Oasis and Warehouse have collapsed into administration.

The retail sector in Cork faces further job losses, following the news that fashion chains Oasis and Warehouse have collapsed into administration.

Last night the High Court appointed representatives of Deloitte Ireland as provisional liquidators of the two related companies.

The fashion retailers employ nearly 300 workers in Ireland, including here in Cork.

Hash Ladha, chief executive of Oasis Warehouse, said: "This is a situation that none of us could have predicted a month ago, and comes as shocking and difficult news for all of us.

"We as a management team have done everything we can to try and save the iconic brands that we love."

The retailer was owned by Kaupthing, the failed Icelandic bank, and its own administrators had tried to sell Oasis Warehouse three years ago, but this was later abandoned.

Rob Harding, Joint Administrator at Deloitte, said: "Covid-19 has had a devastating effect on the entire retail industry and not least the Oasis Warehouse group.

"Despite management's best efforts over recent weeks, and significant interest from potential buyers, it has not been possible to save the business in its current form."

The Oasis and Warehouse Group has been looking for a saviour for weeks, according to reports.

The news comes days after the closure of Debenhams, at a cost of close to 350 jobs in Cork between Patrick St and Mahon Point. 

Solidarity TD Mick Barry this morning called on workers at Oasis and Warehouse to speak out about the closures of their workplaces.

He said that workers at Debenhams are campaigning against the treatment meted out to them and said that the Oasis and Warehouse workers should now campaign alongside them for justice.

“Workers at Oasis and Warehouse should do the same,” he said. “Workers will be an afterthought in the liquidation process unless they speak out, campaign and put their issues firmly onto the agenda.”

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