GALWAY SECURITY COMPANY FOLDS WITH LOSS OF 475 JOBS

Date Published: 20-Jun-2008

A Galway-based security firm is shutting with the loss of 475 jobs. Praetorian Security in Oranmore is the country's biggest supplier of door security personnel to pubs and licensed premises, with 120 employees based in Galway and 355 elsewhere. The company, which was founded in 2005, has had its licence suspended by the Private Security Authority over tax issues and must cease trading today. One of the company founders Sean Cahill explains what's happened.Sean Cahill says 475 Praetorian Security employees are being issued with their P45s today. He says the Government Agencies haven't done enough to help save the jobs.