Factory closures and company insolvencies
Lyons sought figures for factory closures, liquidations and receiverships in the first half of 1986; the Minister said closure statistics were not yet available from the IDA.
asked the Minister for Industry and Commerce the number of factory closures, the number of companies which went into liquidation and the number of companies put into receivership in the first six months of 1986.
Comment on this
(Limerick East): My Department have no responsibility for the collation of official statistics on factory closures nor do the Central Statistics Office provide such figures.
Manufacturing concerns are under no obligation to notify my Department when they cease production. However, the Industrial Development Authority carry out an employment survey in November each year from which it is possible to establish the number of factory closures in that year. I have been informed by the Industrial Development Authority that the 1986 figures will not be available until January 1987.
In the first six months of 1986 the Registrar of Companies was notified of the appointment of liquidators in respect of 384 companies and of 58 companies put into receivership.