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Dáil
‹ Ceisteanna—Questions. Oral Answers. - H. Williams Group Jobs.

Support for H. Williams suppliers

Summary

Bruton asked about assistance for affected manufacturers and proposed publishing large purchasers’ outstanding trade credit. Brennan had not contacted Fóir Teoranta, said suppliers could apply under its usual criteria, and agreed to examine the disclosure proposal.

John Bruton Mr. J. Bruton Fine Gael

Has the Minister had any discussions with Fóir Teoranta in regard to the plight of some of the manufacturing firms who were suppliers to the former H. Williams group? Secondly, in regard——

Comment on this
Seán Treacy An Ceann Comhairle Independent

I ask for brevity.

Comment on this
John Bruton Mr. J. Bruton Fine Gael

——to the vulnerability of many companies to a collapse of this kind, will the Minister consider introducing a mandatory requirement for the publication of the level of credit outstanding to creditors of large purchasers like supermarket groups in order to protect small suppliers from a further debacle of this kind?

Comment on this

I have had no discussions with Fóir Teoranta on this subject and I do not think that would be appropriate. Any supplier can approach Fóir Teoranta for assistance on the basis of their normal criteria. In regard to the Deputy's suggestion about the publication of trade credit outstanding, I will have a look at that to see if there is any way it could be undertaken sensibly, but the Deputy will be aware of the fourth directive and subsequent legislation which makes it easier for the public to get access to some accounts.

Comment on this
John Bruton Mr. J. Bruton Fine Gael

Not for multinational companies.

Comment on this

Yes, but there is a procedure whereby the accounts of those operating here are available. I will have a look at the suggestion, anyway.

Comment on this