Belfast Telegraph

Reprieve for 75 staff facing redundancy threat at Quinn Insurance

By Michael McHugh

Seventy-five Quinn Insurance workers in Enniskillen have won a reprieve from the threat of redundancy.

Growing levels of business in car cover was credited with the decision to call off planned redundancies, a spokesman for the administrator in charge of the business said.

Grant Thornton took control of the company after the Irish financial regulator demanded more money be made available to cover its customers.

The improvement in the firm's trading was due to "strong customer retention, the acquisition of new business above previous projections", the spokesman said.

"The improvement in Quinn Insurance's business performance since the announcement of its redundancy programme on April 30 last has led to a position where the business cannot proceed with any further redundancies."

SDLP MLA Tommy Gallagher said yesterday: "It is a huge relief for these workers and their families, and it is very positive news for business in Fermanagh."