After operating for 150 years the Dublin bakery Johnston Mooney & O'Brien is to close.
Fergus Delaney, shop steward at Johnston Mooney & O'Brien broke the news of the redundancy to the workers and asked for an orderly wind down.
You will be paid your redundancy money.
Owners of Johnston Mooney & O'Brien, Odlums had rejected the management buyout plan. Late this afternoon, Peter Lyons Chairman and Managing Director of Clonee Bakeries announced their takeover of the Johnston Mooney & O'Brien and Buttercrust brands. He says up to two hundred jobs will eventually be created at a plant in Clonee.
However, Federated Workers Union of Ireland branch secretary Tony Dunne says all the jobs will go and the future for the vast majority of the workers is dismal.
At 5 o'clock this evening, practically 400 people will walk out of here, no jobs, no future prospects.
He is also critical of the government's lack of involvement in finding a solution.
An RTÉ News report broadcast on 24 March 1989. The reporter is Jacqueline Hayden.