Independent News and Media is to close its online coupon business, GrabOne, with the loss of 24 jobs.
The company said its decision to shut the site was made for commercial reasons.
In a statement released yesterday evening, GrabOne said that as a result of the decision to close the business, it will not be launching any new voucher offers or deals.
But it said that if people hold an unredeemed voucher that is in date, the voucher remains valid and will be honoured by the relevant merchant, in line with the normal terms and conditions of the voucher.
It added that all merchants owed money for current deals will continue to be paid.
Over the past four and a half years, GrabOne has worked with 4,769 merchants bringing 47,562 deals to its customers at a total saving of €60m.
