Kilmore Seafood Limited has announced that it’s to cease trading after suffering significant financial losses connected to Brexit.
The company, part of the Errigal Bay group, is entering into “a collective redundancy process with its 32 employees”
According to a statement from the company, the decision to cease trading comes after turnover dropped 64% between 2016 and 2019 and in 2020 it dropped to just 9% of 2016 levels.
The majority of employees had been laid off in April of 2020 as social distancing measures could not be implemented in their plant in South Wexford.
Kilmore Seafood have acknowledged that all 32 jobs are at risk.
Local councillor Jim Codd says this will have a huge impact on the area.
“This is a hammer blow to an area that has already received more than enough blows in the last while.
“There was a sustainable fishing community in Kilmore that it seems there’s very little regard for out there.
“It breaks my heart to hear so many people who’s futures are now in question.”