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Clarity Needed Over Future of Quinn Group - Flanagan

8 February, 2013 - by Phil Flanagan

Sinn Féin MLA Phil Flanagan has stated that there needs to urgent clarity provided on the future of the Quinn Group and the impact for its thousands of employees arising from the liquidation of IBRC.

Mr Flanagan, who is the Deputy Chair of the Assembly's Enterprise, Trade & Investment, said:

"The rushed decision by the Dublin government to liquidate IBRC, immediately dismissing all of its staff and transferring all of its assets to NAMA has raised serious concerns about the future of the Quinn Group. 

"There are already significant questions to be answered about proposed job losses within the Quinn Group and this decision has only served to muddy the waters with regards to the company's future.

"The Quinn Group opened a voluntary redundancy scheme for all employees based in the Derrylin/Ballyconnell area only last week, a move which has really shocked local people. "I have written to the Finance Minister Michael Noonan TD seeking urgent clarity on the impact the outworkings of this decision will have on the future of the Quinn Group and the thousands of people employed within it.

"It is my understanding that as a shareholder in the Quinn Group through IBRC, the Minister of Finance Michael Noonan TD had a say in any substantial loss of jobs within the company and this allowed some reassurances for staff.

"Michael Noonan and his Cabinet colleagues need to use whatever influence they have to safeguard jobs within the Quinn Group.

"I have also made contact with my party colleagues in Leinster House to ensure that this matter is put on the agenda and is addressed as a matter of urgency."

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