Fastway Couriers Enters Receivership With Hundreds of Cork and Irish Jobs at Risk

Nuvion Group, the parent company of Fastway Couriers Ireland, Parcel Connect and Nūgo, has entered receivership with immediate effect, placing hundreds of jobs across the country at risk including dozens at the firm's large depot in Little Island, Cork. The move was confirmed on Monday, 28 October 2025.

Joint receivers Mark Degnan and Brendan O'Reilly of Interpath Advisory have been appointed to oversee the affairs of Nuvion Group. Staff were informed on Monday that operations were being halted straight away and that they should not report for work unless specifically requested. Employees were also told they would not be paid beyond the point of the receivers' appointment.

Fastway employed approximately 300 people directly, but the total number affected is understood to be considerably higher when self-employed drivers, franchise operators and subcontractors are included. Nationwide, that figure may extend to close to or above 1,000 individuals who relied on work from the company.

Cork Impact

In Cork, the company's Little Island depot, described locally as the firm's second largest Irish hub following a major expansion in 2023, has been included in the receivership process. Dozens of local jobs are believed to be impacted at the facility.

Fastway's Irish network included around 20 depots and two main sortation hubs, plus a customer care centre in Portarlington, County Laois, and head office functions in Dublin and Rathcoole. Other counties facing potential job losses include Laois and Donegal, with depots in Portarlington and Letterkenny both affected.

Scale of Operations

Fastway handled up to roughly 25 million parcels a year in Ireland at peak volume, serving national and international retailers such as fashion and sports brands that sell online into the Irish market. At the time of the receivership, tens of thousands of parcels, estimated at up to about 50,000 items, were sitting in depots and vans nationwide when staff were informed of the shutdown.

The receivers have said parcels already in the Fastway network are expected to be delivered where possible, though customers have been warned that delays and disruption are likely. A third party has been engaged to assist with final deliveries.

Reasons for Collapse

The company attributed the collapse to sustained inflation, higher operating costs and intense price pressure in the parcels and e-commerce delivery market. The company said this combination meant the business was no longer viable in its current form, despite cost-cutting efforts.

Timing Concerns

The receivership comes less than one month before the traditional Black Friday and Christmas peak, which is normally the busiest and most valuable period of the year for parcel delivery firms. This timing is expected to increase the impact on workers and small delivery contractors who rely on that seasonal surge for income.

Government and Revenue Support

The Department of Social Protection has said supports and information are being made available to affected workers and contractors following the announcement. Minister of State Dara Calleary confirmed officials had already engaged with the company to advise on entitlements.

Revenue has confirmed it is aware that several hundred subcontractors, franchisees and solo operators across the delivery network may be adversely affected and will work with individual couriers and businesses that have been impacted.

Revenue said it will be pragmatic in its approach where couriers experience cashflow difficulties as a result of the loss of business or payments following the closure of Fastway. The tax authority has advised affected delivery operators to contact the Collector-General's office on 01 738 3663, or through MyEnquiries, as quickly as possible to agree mutually suitable payment arrangements.

Consumer Advice

The Commission for Communications Regulation has issued advice to consumers, reminding them that their contract lies with the retailer rather than the courier. Customers awaiting deliveries are advised to contact the seller directly for updates, alternative delivery arrangements or refunds.

What Happens Next

The receivers have confirmed that options are being explored for a potential sale of assets, depots and brand rights. They have said they will work with retailers to minimise delivery disruption during the transition period.