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Gildernew in discussions on Quinn Insurance

7 April, 2010

Speaking after a hectic day on Tuesday, on which she met with employees of the Quinn Group, The Cavan Chamber of Commerce, The Central Bank of Ireland, the Administrators and the Financial Regulator, Ms Gildernew said:

“After lengthy discussions with both the administrators and the regulator, I made it perfectly clear to them that my primary concern was the security of the thousands of jobs at stake and the welfare of those employed by the Quinn Group. I urged them to bear these workers in mind when they made their decision on how to proceed with this matter.

“I can understand the difficult position that they find themselves in, and it is clear that they have a genuine desire to protect the jobs at Quinn Insurance and within the wider Quinn Group. The administrators and the financial regulator are both very keen to resolve this issue, but there are complicated legal matters for them to take into consideration.

“There is much more work needed before a satisfactory resolution can be reached and I am ready to continue playing whatever role I can in this process.”ENDS

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