The Dundrum House Golf & Leisure Resort situated in Co Tipperary has been forced to close with immediate effect, resulting in the loss of 48 jobs.
The company said the business had continued to operate at a loss and was no longer able to meet its financial obligations.
A 30-day collective redundancy consultation process with employees is expected to begin later this week.
An IPAS accommodation centre on the Dundrum House campus, which is operated independently, is not expected to be affected by the closure.
Brogan Capital Ventures, which owns and operates the golf resort, informed staff today that the company would cease trading. The decision affects the restaurant, bar, golf course, driving range, golf shop and leisure centre.
In a statement, Brogan Capital Ventures said it very much regretted the adverse impact of this decision on its valued employees, golf and leisure centre members, customers, suppliers, the local community and other stakeholders. However, they state that the closure is unavoidable given the state of the company’s current financial affairs.
VERY SAD