Debenhams stock will not be removed for 1 week



[ad_1]

The joint liquidators of Debenhams’ Irish KPMG operation have pledged not to attempt to withdraw stocks from either store for one week to allow for the compromise aimed at resolving the long-standing dispute over severance pay.

The move follows the appointment of Labor Court President Kevin Foley as mediator in the dispute.

In a statement tonight, Mr. Foley confirmed that he is engaging with all stakeholders and has asked the parties to do their best to create an environment conducive to constructive engagement in the process initiated at the request of An Taoiseach and the Tánaiste.

Foley said: “In response, the joint liquidators have agreed not to attempt to withdraw inventory from the facility for a seven-day period from Friday, November 27 at midnight to Friday, December 4 at midnight.”

The unions have confirmed to the mediator that they accept the compromise of the liquidators.

He said: “In light of that commitment, unions are exploring the possibility of reducing and temporarily stopping picketing in some stores during those seven days.”

It concluded: “All parties involved in the process currently underway fully expect that no other party will be responsible for attempting to withdraw stocks from any store during the seven day period.



[ad_2]