Speculation was growing last night that British supermarket giant Asda is planning to take over Dunnes Stores’ 120 outlets in the Republic as the Irish chain prepared to implement more cutbacks.

Some 200 managers in 120 stores around the country were told yesterday afternoon to attend emergency meetings in Dublin and Cork early next week.The talks are scheduled to take place in Charleville in Cork on Monday and St Stephen’s Green in Dublin on Tuesday and in other locations later in the week.

Managers on annual leave have also been advised to attend the meetings where possible. The company’s workers have been left in the dark, causing concern about their futures.

via Independent.ie.