Accounting errors cost jobs at Irish manufacturer
More than 100 employees lose their jobs
The collapse of Swedex, a manufacturer of
Swedish windows and doors, based in Co Wicklow in Ireland, has seen 109
employees lose their jobs.
The company collapsed following the discovery of a series of major
accountancy discrepancies in the company’s books.
The High Court put the
company into provisional liquidation on Friday, following a petition by the
company’s directors, after it revealed multi-million pound debts.
The errors had the effect of distorting the company’s true financial
performance.