Around 300 direct jobs are under threat at delivery and logistics company Nuvion Group which has entered receivership.
It is understood hundreds of additional jobs could be affected among subcontractors, franchisees and solo operators across the delivery network.
Nuvion Group includes Parcel Connect, Fastway Couriers Ireland and Nügo.
A spokesperson for the company said the business has faced sustained inflation, rising operating costs and ongoing price pressures across the parcels market, which have made it no longer viable in its current form.
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Mark Degnan and Brendan O'Reilly of Interpath Advisory have been appointed as receivers.
"Delays and disruption are envisaged and the receivers will work with retailers to minimise such delays," the spokesperson said.
"We want to sincerely thank our employees, franchisees and customers for their continued understanding and support during this difficult time," the company added.
50,000 packages for delivery
There are around 50,000 packages currently in the system, due for delivery.
It is understood the receivers are working with a third-party delivery company to get the parcels delivered as quickly as possible.
However, a spokesperson for the company said that "delays and disruption are envisaged, but the receivers will work with retailers to minimise such delays".
Customers are urged to continue to track shipments using existing online tools or contact their sender for updates.
In cases where people are waiting an unduly long period for their deliveries to arrive, they are advised to make contact with the retailer from which they purchased their product.
In terms of the Parcel Connect service, in cases where people were planning to drop off items for return, they are now being advised to make direct contact with their retailer.
Additional reporting: Fergal O'Brien
