Press Release

SIPTU legal expert appointed to Committee of Investigation into Clerys liquidation

Date Released: 01 September 2015

A legal expert with the SIPTU Workers Rights Centre has today (Tuesday, 1st September) been appointed to sit on a Committee of Investigation to oversee the liquidation process of OCS Operations, the company which operated Clerys department store.

The eight-person Committee of Investigation includes five representatives of creditors of OCS Operations. SIPTU official, Hugh Hegarty, was nominated by former Clerys workers to represent their interests on the Committee.

SIPTU Sector Organiser, Teresa Hannick, said: “A large number of former Clerys workers and union representatives attended a meeting of OCS Operations creditors in the Gresham Hotel in Dublin this morning.

“The workers' main concern was to ensure that their nominated representative was appointed to the Committee of Investigation. This group will oversee the liquidator’s ongoing investigations concerning the behaviour of the company directors and relevant transactions prior to the liquidation.”

She added: “The appointment of a SIPTU legal expert from our Workers Rights Centre will ensure that the workers’ voices are heard throughout this process and that their interests will be represented.”

The Committee of Investigation has been established under the 2014 Companies Act, which came into effect in June 2015. The Committee sanctions the exercise of certain powers of the liquidator including any litigation it seeks to undertake, the payment of the liquidator’s fees and acts as a consultation body during the process.

The Committee also includes representatives of the Department of Social Protection and concession holders.


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