Michael Mcateer

May 2, 2010 by Post Team 

Michael McateerMichael Mcateer:It has been announced by Michael McAteer, one of the liquidators of Quinn Insurance, one of the largest insurance companies in Ireland, and indeed throughout the United Kingdom, approximately 900 workers would lose their jobs over the next 1:00 to 1:01 years. The company, which is currently for sale, as announced by the board on Friday, insisted that it was necessary to lay back workers to safeguard their future, financially. The company has been one of those who were hit hardest during the recession. The branches to be set back to their employees are and Derrylin Enniskillen, which would be on the back 179 and 21 people respectively. Vacancies that others are not made in the other branches.

Although it is well known that the company is cutting jobs, the number has proven to be more than expected. In the beginning, is speculating that the company would be getting back to some 800 people, according to Michael McAteer. He said the subsequent placement of jobs would be gathering pace in the voluntary approach, and that a trawl volunteers are candidates to start soon. He said that currently, staff explains the whole package for the workers’ representative committees.

The voluntary package comes into force one year and 15 months from now, said Michael McAteer. The deadline will be giving those who are placed back to find another job. The owner of the company, Sean Quinn, sympathized with the workers, appreciating their efforts, even though he was entirely “devastated” by the development.

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