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22/07/2010
Fermanagh Quinn Jobs Saved
Workers in troubled Quinn Insurance got some good news this week with the withdrawal of redundancies at the firm's Enniskillen office.
Seventy-five planned redundancies in the Lakeland town will not now be implemented.
The firm's administrator has confirmed that the redundancies from its consumer sales business will not proceed. However, this decision does not affect the voluntary-led redundancies planned in other functional areas of Quinn Insurance.
Stormont Enterprise Minister Arlene Foster (pictured) welcomed the announcement and said: "Since the ban on trading in the UK private motor insurance business was lifted in April, staff at Quinn Enniskillen have worked hard to maintain and grow levels of business.
"As a result, the administrator has taken the decision not to seek any redundancies in the private lines business in Enniskillen, a decision which I am sure will be met with relief by the 75 employees affected.
"My department and Invest NI remain committed to safeguarding the employment and investment by Quinn Insurance in Northern Ireland in the longer term," she added.
In a statement the company said the jobs had been retained as a "result of strong customer retention, the acquisition of new business above previous projections, and an increase in natural attrition in the private lines division".
The statement continued: "The improvement in Quinn Insurance's business performance since the announcement of its redundancy programme on 30 April has led to this position."
See: Quinn Formally 'In Administration'
(BMcC/KMcA)
Seventy-five planned redundancies in the Lakeland town will not now be implemented.
The firm's administrator has confirmed that the redundancies from its consumer sales business will not proceed. However, this decision does not affect the voluntary-led redundancies planned in other functional areas of Quinn Insurance.
Stormont Enterprise Minister Arlene Foster (pictured) welcomed the announcement and said: "Since the ban on trading in the UK private motor insurance business was lifted in April, staff at Quinn Enniskillen have worked hard to maintain and grow levels of business.
"As a result, the administrator has taken the decision not to seek any redundancies in the private lines business in Enniskillen, a decision which I am sure will be met with relief by the 75 employees affected.
"My department and Invest NI remain committed to safeguarding the employment and investment by Quinn Insurance in Northern Ireland in the longer term," she added.
In a statement the company said the jobs had been retained as a "result of strong customer retention, the acquisition of new business above previous projections, and an increase in natural attrition in the private lines division".
The statement continued: "The improvement in Quinn Insurance's business performance since the announcement of its redundancy programme on 30 April has led to this position."
See: Quinn Formally 'In Administration'
(BMcC/KMcA)
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15 April 2011
Quinn Barred From Own Insurance Firm
A leading Irish entrepreneur is to loose control of the insurance business he personally founded after it ran into financial problems. Sean Quinn and his family will no longer have any role in the management of the Quinn Group following a restructure.
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A leading Irish entrepreneur is to loose control of the insurance business he personally founded after it ran into financial problems. Sean Quinn and his family will no longer have any role in the management of the Quinn Group following a restructure.
29 April 2010
Black Friday Looms For Quinn Insurance
The axe is looming for hundreds of staff at a border insurance business. Workers at all the beleaguered Quinn call centres will be briefed on the plans tomorrow afternoon, after which the administrators will enter into a period of consultation with staff.
Black Friday Looms For Quinn Insurance
The axe is looming for hundreds of staff at a border insurance business. Workers at all the beleaguered Quinn call centres will be briefed on the plans tomorrow afternoon, after which the administrators will enter into a period of consultation with staff.
01 November 2012
Quinns Due Back In Court
Sean Quinn and his son are due back in a Dublin court later as the inquiry continues as to whether or not the former billionaires have complied with court orders. Sean Quinn was once the richest man in Ireland, but declared himself bankrupt last year.
Quinns Due Back In Court
Sean Quinn and his son are due back in a Dublin court later as the inquiry continues as to whether or not the former billionaires have complied with court orders. Sean Quinn was once the richest man in Ireland, but declared himself bankrupt last year.
06 May 2010
Quinn Steps Back As Stormont Steps In
Just hours after news that Sean Quinn is to stand down from the board of the troubled Quinn Group, a Stormont nominee is to step in to co-ordinate the NI Government's response to the situation at Quinn Insurance.
Quinn Steps Back As Stormont Steps In
Just hours after news that Sean Quinn is to stand down from the board of the troubled Quinn Group, a Stormont nominee is to step in to co-ordinate the NI Government's response to the situation at Quinn Insurance.
28 July 2010
Irish Jobs' Response 'Could Be Better': SF
Enhanced co-operation between the Belfast and Dublin administrations could greatly assist existing workers and in helping the unemployed get jobs.
Irish Jobs' Response 'Could Be Better': SF
Enhanced co-operation between the Belfast and Dublin administrations could greatly assist existing workers and in helping the unemployed get jobs.
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