Shock for EuroGiant staff

Jobs are at risk across Cavan and Monaghan following the appointment of liquidators to the companies operating the EuroGiant retail chain, prompting widespread concern among local staff.

Around 640 jobs nationwide are now under threat after the High Court appointed liquidators to EuroGeneral Limited and Bushgrove Limited, which trades as EuroGiant.

The discount retailer operates stores in both Cavan and Monaghan towns as part of its network.

EuroGiant, which was founded in Dublin in 1990, issued a statement, blaming the decision on “rising costs” and increased competition within the retail sector.

“The business is no longer viable in its current form,” the spokesperson said.

Despite the liquidation, EuroGiant stores will remain open and continue trading as normal while a full review of the store network is carried out.

Mark Degnan and Brendan O’Reilly of Interpath have been appointed by the High Court to oversee the liquidation process.

The company said its thoughts are with staff affected by the announcement and thanked employees for their “hard work and commitment over many years”.