Fears are growing for the future of over 130 jobs at a Co. Waterford chicken processing company.
The High Court yesterday appointed an interim examiner to Cappoquin Poultry Limited (CPL) and Cappoquin Poultry Holdings which have debts of €6 million.
The Irish Farmers Association (IFA) says chicken producers in the south-east are also raising concerns.
Cappoquin has been in operation since 2008 when it acquired Cappoquin Chickens which went into liquidation.
The company is one of the leading chicken processors here and employs over 130 people at its facility in Cappoquin in Co. Waterford.
Yesterday in the High Court Mr. Justice George Birmingham appointed Michael McAteer of Grant Thornton as interim examiner after he was informed the business has debts of €6 million.
Its largest creditor Henry Good Feed Suppliers is owed €3.9 million alone.
It petitioned the court for the appointment claiming that CPL is insolvent and to prevent its assets being stripped.
The examiner has 100 days to come up with a plan to secure the future viability of Cappoquin Poultry Limited.
The Chairman of the IFA National Poultry Committee is Alo Mohan.
He says it is a disappointing development.
