The High Court has approved a restructuring for the company operating Debenhams 11 Irish stores to continue trading, saving up to 1,330 jobs.
The plan will enable Debenhams Retail (Ireland) Limited, a subsidiary of the UK Debenhams, to exit examinership.
Under the terms of the plan, the retailers 11 stores are to remain open and the vast majority of the companys 1,400 directly employed staff, some 500 concession staff and 300 cosmetic staff are to be retained.
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Read the full article at: http://www.irishtimes.com/business/retail-and-services/debenhams-restructuring-to-save-up-to-1-330-jobs-1.2762248