26 jobs lost-Questions as to how a state backed company folded so quickly

26 jobs have been lost in west Donegal.

Eist agus cuidiú has announced that all of it workers are to be redundant and that the company is going out of business.

The company was established in August of last year as a financial services call centre which offered help to people to get out of financial trouble through debt management.

Despite significant state aid the company says it was unable to find a way out of its own financial troubles.

Donegal Deputy Pearse Doherty says staff concerns had been growing in recent weeks:

[podcast]http://www.highlandradio.com/wp-content/uploads/2012/07/pearseJOBS.mp3[/podcast]