Third of workforce to lose their jobs

OVER a third of the employees at Quinn Insurance are to lose their jobs as the company’s joint administrators have confirmed they are seeking 900 voluntary redundancies at the troubled insurance firm.

Fears over the future of some of the remaining 1,500 jobs in Quinn Insurance also increased yesterday after the firm’s founder, Sean Quinn, confirmed that the Quinn board had decided to sell the company.

Mr Quinn said he and his family were “devastated” at news of the job losses.