Workers at Target Express are continuing their sit-in at the premises in Cork today.

The company announced it has ceased trading on Monday night with the loss of around 390 jobs.

The owner Seamus McBreen has criticised the Revenue Commissioners for freezing the company accounts.

But Revenue says it only pursues enforcement as a last resort where the debt problem is serious and intractable.

Yesterday Mr. McBreen said he was not willing to ask staff to work if they could not be paid.

“Our wages was due to be paid on Friday – they’re paid on Monday morning actually, but they go out of the bank on Friday” he said.

“The wages couldn’t have been dealt with – and I wasn’t prepared to ask people to work for me if I couldn’t guarantee them payment”.

“My bank was prepared to pay them directly 175,000 yesterday evening…so we’d continue trading – and we’d pay them 45,000 a week for the next 4 weeks – and they said no” he added.

16 people are engaged in a sit-in at the company premises in Little Island.

One of them is driver Tom Cullen who spoke to Newstalk Breakfast.

You might also like

href="http://www.newstalk.ie/2012/news/target-express-owner-we-tried-our-best-to-keep-going/">Target Express owner: We tried our best to keep going

href="http://www.newstalk.ie/2012/programmes/all-programmes/breakfast/target-express-owner-speaks-to-breakfast/">Target Express owner speaks to Breakfast