Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Is Wexford Farmers Co-op gone bust?

Options
  • 04-03-2013 3:48pm
    #1
    vicwatson
    Registered Users Posts: 28,403 ✭✭✭✭


    Heard something at the weekend that the banks pulled the plug on funding, anyone hear anything about this? Are they still open in Sinnottstown lane?


Comments

  • Options
    #2
    jpb1974
    Registered Users Posts: 3,017 ✭✭✭jpb1974


    It was on the radio 2-3 weeks ago that all their shops had closed, Bunclody being the only exception.

    "The business had become unviable" was the only reason given.

    WFC Oil and Auctioneers still operating.


  • Options
    #3
    Cantona's Collars
    Registered Users Posts: 33,709 ✭✭✭✭Cantona's Collars


    jpb1974 wrote: »
    It was on the radio 2-3 weeks ago that all their shops had closed, Bunclody being the only exception.

    "The business had become unviable" was the only reason given.

    WFC Oil and Auctioneers still operating.

    All open again under new owners.


  • Options
    #4
    vicwatson
    Registered Users Posts: 28,403 ✭✭✭✭vicwatson


    Actually their website is back up and running and has this statement on it -

    IMPORTANT - Wexford Farmers Co-Op - PRESS RELEASE 12/02/2013
    Wexford Farmers Co-Op Society Ltd
    PRESS RELEASE
    Released on 12/02/13 @ 6.30pm

    Wexford Farmers Co-Operative Society Ltd (WFC) strongly refutes the headline and content of the report in the Irish Examiner of 12th Feb, purporting to be issued by WFC, that the Society’s banks have withdrawn their facilities. This Statement was not issued by WFC and is false.

    The Board of Wexford Farmers Co-Operative Society Ltd is initiating a major restructure of its current business model. The continuing downturn in retail trading and the multiplicity of outlets engaged therein has led to a review by the Society of its involvement in such trading. It has decided to significantly reduce the number of retail outlets it operates and implement a managed and measured exit from retailing.
    An immediate consequence of this decision is that up to six branches will close with immediate effect. This regrettably involves, initially, putting 30 staff on short term layoff with the possibility of redundancy for a number of them. The branches being closed will be brought to the market presenting individual or multiple opportunities to prospective purchasers.

    This restructuring will not affect the ongoing operation of Enniscorthy Mart as proceeds from cattle sales are protected in a client account pursuant to the Regulations of the Property Services Regulatory Authority. The mart will continue to trade as normal as will the oil distribution business WFC Oil Ltd.
    The business of WFC Properties Ltd is now integrated with the Mart and the WFC Forecourts Ltd businesses are now fully leased to other parties.

    The Board and Management of Wexford Farmers Co- Operative Society Ltd wishes to reassure its creditors and stakeholders that it fully intends to honour all its commitments and effect payment in full of all its liabilities.

    Wexford Farmers Co-Operative Society Ltd are in the process of negotiating a restructure of their loan facilities with both their banks, which will secure the medium term future of the Society.


  • Options
    #5
    allthedoyles
    Registered Users Posts: 6,893 ✭✭✭allthedoyles


    Vic , you are way behind the times on this one :) .

    ALL WFC branches are doing business again thanks to Gardiner Grain and Cooney-Furlong group .


  • Options
    #6
    vicwatson
    Registered Users Posts: 28,403 ✭✭✭✭vicwatson


    allthedoyles wrote: »
    Vic , you are way behind the times on this one :) .

    ALL WFC branches are doing business again thanks to Gardiner Grain and Cooney-Furlong group .


    I sure am allthedoyles, only heard at the weekend. I was on the international space station hibernating the last few weeks :D

    Glad that jobs were saved anyways.

    Edit -

    Even recruiting eh -

    In the News

    The Cooney Furlong Grain Co. is delighted to announce the expansion of the business with three additional branches in Co. Wexford. Formerly the W.F.C. (Wexford Farmers Co-op), the new branches are located in Wexford , New Ross and Enniscorthy and are open for business.
    Current Vacancies

    There are employment oppurtunities available in the new branches.

    How to apply: We are looking for talented people, who exhibit enthusiasm, drive, ambition and the ability to work as part of an exciting, vibrant team.

    If this describes you, please send your CV with a cover letter to lkelly at cooneyfurlong.com. P: +353 53 9255389 Post to: HR Manager, Cooney Furlong, Dranagh, Caim, Enniscorthy, Co. Wexford.


  • Advertisement
Advertisement