Menu
28/04/2011
Quinn Backed By Protesting Workers
Fermanagh is in revolt today with news of a second protest by staff from the Quinn Group taking place.
Around 200 workers and supporters have again gathered outside the company's headquarters in Derrylin as a show of support for the firm's founder, local entrepreneur, Sean Quinn.
And it's not just Fermanagh, as there are representatives from both sides of the Irish border involved in the newly formed Cavan, Fermanagh, Leitrim Action Group, who say they represent staff.
Today's new protest follows another on Tuesday, when protesters staged a sit-in at the Quinn Group HQ and said it was a show of support for the founder of the company.
Anglo Irish Bank recently appointed accountants KPMG to take control of the Quinn family shares in the business and appointed a new management team - effectively excluding the famous founder and all his family from the business he founded, but floundered with Mr Quinn and his family owing the bank £2.5bn.
This is the third such protest as, on 18 April, a 20 tonne truck was abandoned outside the group headquarters in Derrylin.
The dumper truck was driven through the main entrance, crashing past number of bollards.
Job security is a continuing concern for the workers, despite all jobs in the Republic of Ireland and NI having been transferred to the joint venture after a five-year restructuring plan was agreed between Anglo and the Quinn Group's lenders, aimed at stabilising the businesses, which are described as "fundamentally good and profitable".
Quinn Group's new Chairman Pat O'Neill told BBC NI that the financial restructuring was "essential for the survival of the business", and said more than 2,600 jobs would be protected.
(BMcC/GK)
Around 200 workers and supporters have again gathered outside the company's headquarters in Derrylin as a show of support for the firm's founder, local entrepreneur, Sean Quinn.
And it's not just Fermanagh, as there are representatives from both sides of the Irish border involved in the newly formed Cavan, Fermanagh, Leitrim Action Group, who say they represent staff.
Today's new protest follows another on Tuesday, when protesters staged a sit-in at the Quinn Group HQ and said it was a show of support for the founder of the company.
Anglo Irish Bank recently appointed accountants KPMG to take control of the Quinn family shares in the business and appointed a new management team - effectively excluding the famous founder and all his family from the business he founded, but floundered with Mr Quinn and his family owing the bank £2.5bn.
This is the third such protest as, on 18 April, a 20 tonne truck was abandoned outside the group headquarters in Derrylin.
The dumper truck was driven through the main entrance, crashing past number of bollards.
Job security is a continuing concern for the workers, despite all jobs in the Republic of Ireland and NI having been transferred to the joint venture after a five-year restructuring plan was agreed between Anglo and the Quinn Group's lenders, aimed at stabilising the businesses, which are described as "fundamentally good and profitable".
Quinn Group's new Chairman Pat O'Neill told BBC NI that the financial restructuring was "essential for the survival of the business", and said more than 2,600 jobs would be protected.
(BMcC/GK)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
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.
10 May 2010
Laing O'Rourke Chase Quinn Deal
A Kent-based multi-national construction business is eyeing-up the troubled Quinn Group. Laing O'Rourke is understood to have held talks over a potential takeover of parts of its business. Delegates from the construction giant spent two days last month at the Quinn headquarters, in Co Cavan, it is reported.
Laing O'Rourke Chase Quinn Deal
A Kent-based multi-national construction business is eyeing-up the troubled Quinn Group. Laing O'Rourke is understood to have held talks over a potential takeover of parts of its business. Delegates from the construction giant spent two days last month at the Quinn headquarters, in Co Cavan, it is reported.
09 April 2010
Garda May Be Called As Quinn Group 'Short'
The Quinn Insurance saga has taken another twist with a possibility the case may be referred to the Irish police, An Garda Siochana. There have been allegations that the company is some €100 million 'short' to cover its insurance policies.
Garda May Be Called As Quinn Group 'Short'
The Quinn Insurance saga has taken another twist with a possibility the case may be referred to the Irish police, An Garda Siochana. There have been allegations that the company is some €100 million 'short' to cover its insurance policies.
11 September 2001
Farren launches north-south tourism initiative
The Minister for Employment and Learning, Dr Sean Farren, has officially launched a joint training initiative aimed at helping those in the tourism sector recoup losses from the effects of the foot-and-mouth crisis.
Farren launches north-south tourism initiative
The Minister for Employment and Learning, Dr Sean Farren, has officially launched a joint training initiative aimed at helping those in the tourism sector recoup losses from the effects of the foot-and-mouth crisis.
09 November 2009
'Green' Jobs Boost As Quinn Expands
Fermanagh's Quinn Group has said it plans to create up to 800 jobs across Ireland in the next three years. The business ranges from cement to car insurance, and it is hoped to achieve this expansion through planned recycling and insulation projects, packaging operations and initiatives to reduce the firm's 'carbon footprint'.
'Green' Jobs Boost As Quinn Expands
Fermanagh's Quinn Group has said it plans to create up to 800 jobs across Ireland in the next three years. The business ranges from cement to car insurance, and it is hoped to achieve this expansion through planned recycling and insulation projects, packaging operations and initiatives to reduce the firm's 'carbon footprint'.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
