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Rathwood Rescue Plan Gains Momentum | Cork News
Published 2 weeks ago
Description
Rathwood’s rescue plan is gaining momentum as creditors approve a bold turnaround strategy—bringing in new investors and leadership to slash 21 million euros in debt while keeping all 62 employees on the payroll. Examiner Padraic Bermingham backs the plan as the best shot at survival over liquidation, but Revenue’s cautious review could delay court approval—expect a swift High Court decision soon.
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