Closure of Clerys was 'predator capitalism'
TANAISTE Joan Burton has accused the new owners of Clerys of "predator capitalism".
The Labour Party leader yesterday said the Clerys workers have been left "in the lurch" while the taxpayer has been left to saddle the redundancy bill which could run into millions.
In a report to Cabinet this week, Business and Employment Minister Ged Nash confirmed that the State could ultimately shoulder the biggest financial burden as a result of the controversial closure of the department store.
Ms Burton vowed to use "every legal avenue" available to "vindicate the State and taxpayers' rights" in this regard.
"Predator capitalism can deprive people of their livelihoods in an instant, as happened at Clerys," Ms Burton said.
"I don't believe it's right that the owners can act as they did while leaving workers in the lurch and the State facing the redundancy bill," she added.
Ms Burton made the remarks at an Irish Congress of Trade Unions conference in Co Clare.
She warned of the threat of a "race to the bottom" in the workforce, adding that this has put the conditions for workers equally under threat.
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