Quinn report indicates ‘business as usual’

THE latest report from the joint administrators of Quinn Insurance has declared it is “business as usual” while they continue to retain merchant bankers to advise them on any prospective sale of the group.

The administrators also anticipate the number of redundancies required from the workforce of 2010 will be 800, not 900 as they originally forecast.

Some 75 jobs had been retained at the insurer’s Enniskillen office when it was initially anticipated that a number of redundancies would be required there and redundancies to date were made on an agreed basis, the court heard.