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All-party group stunned by developments on Quinn – Ó Caoláin

14 April, 2011 - by Caoimhghín Ó Caoláin TD

The all-party cross-border group of Oireachtas and Assembly members dealing with the crisis in Quinn Insurance Ltd has described itself as “absolutely stunned” by the developments announced today. Convenor of the all-party group, Caoimhghín Ó Caoláin TD said in a statement:

“The all-party group met today with workers from the Quinn Group as well as Concerned Irish Businesses and Concerned Irish Citizens, all of whom are campaigning to save the jobs in Quinn Insurance Ltd..

“A petition of 90,000 signatures in support of these jobs was addressed to Finance Minister Michael Noonan and accepted on his behalf by Fine Gael members of the all-party group Deputies Frank Feighan, Heather Humphreys and Seán Conlan.

“Immediately prior to the receipt of this massive petition the members of the all-party group learned in disbelief of and were absolutely stunned by the announcements of this morning. These include the designation of the Anglo-Irish Bank/Liberty Mutual proposal as the preferred option for the future of Quinn Insurance Ltd. and the decision of Anglo to take in charge the Quinn family shares across the Quinn group and all its manufacturing entities.

“There is understandable concern among the all-party group that the decision of Minister Noonan to postpone our meeting with him, scheduled for yesterday, 13 April, was not because of his meetings with the IMF, as had been claimed, but was in anticipation of this morning’s announcements.

“We have scheduled an emergency meeting of the all-party cross-border group of elected representatives for tomorrow morning when we intend to discuss and agree the key steps we must now take, including preparation for the rescheduled meeting with Minister Noonan here in Dublin next Wednesday.

“We are anxious to establish from Minister Noonan the extent of the consideration given by him and his Department officials, and others, to the Quinn Group proposals for the future of Quinn Insurance Ltd. We fear that the decisions announced today have been taken without due regard to the proposals presented by the Quinn Group representatives. This is a matter we will raise with Minister Noonan next Wednesday.

“Despite today’s shock announcements, the cohesion of the all-party group will be maintained in the context of our shared commitment to the retention of all existing jobs in Quinn Insurance Ltd and where they are currently located.” ENDS

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