Around 640 jobs in 20 counties are at risk as the company that operates the EuroGiant chain of discount stores has entered liquidation.
It announced the appointment of liquidators on Wednesday.
Stores are continuing to trade for the moment, but there are concerns for the 640 jobs in the 77 stores across Ireland.
A spokesperson for the company said rising costs and increased competition mean the business is no longer viable in its current form.
EuroGiant founder Charlie O’Loughlin said he is deeply sorry about the situation.
The Labour party is calling on EuroGiant to make information about the company’s future available to staff as soon as possible.
Labour enterprise spokesperson, George Lawlor, said support…