Up to 120 jobs expected to go at Xtra-vision as 20 stores close

Tuesday 07 May 2013 18.27
Xtra-vision, which has 152 outlets, entered receivership last week
Xtra-vision, which has 152 outlets, entered receivership last week

Up to 120 jobs are expected to be lost across the island of Ireland due to closure of a number of Xtra-vision stores.

Nine stores in the Republic of Ireland are expected to close, while 11 will be closed in Northern Ireland.

The Xtra-vision stores to close in the Republic will be in Ongar, Carpenterstown, Rathmines, Baggot St, The Square in Tallaght, two stores in Swords and one Phisborough, Dublin.

Xtra-vision in Roscrea, Co Tipperary will also close.

Staff in Northern Irish stores were made redundant and then rehired due to legislation regarding the continuation of a receivership.

However 11 stores in the North will not be reopening, resulting in about 60 jobs losses in addition to the 50 to 60 job losses in the Republic.

In a statement Luke Charleton of Ernst & Young, which is receiver for the chain, said the closures were regrettable but necessary due to "unsustainable trading losses resulting from a fall in revenue."

The joint receivers said they would continue to seek a buyer for the chain and were currently in discussion "with a number of interested parties".

Last week the DVD rental chain, which has 152 outlets, went into receivership.