Menu
28/04/2011
Quinn Backed By Protesting Workers
Fermanagh is in revolt today with news of a second protest by staff from the Quinn Group taking place.
Around 200 workers and supporters have again gathered outside the company's headquarters in Derrylin as a show of support for the firm's founder, local entrepreneur, Sean Quinn.
And it's not just Fermanagh, as there are representatives from both sides of the Irish border involved in the newly formed Cavan, Fermanagh, Leitrim Action Group, who say they represent staff.
Today's new protest follows another on Tuesday, when protesters staged a sit-in at the Quinn Group HQ and said it was a show of support for the founder of the company.
Anglo Irish Bank recently appointed accountants KPMG to take control of the Quinn family shares in the business and appointed a new management team - effectively excluding the famous founder and all his family from the business he founded, but floundered with Mr Quinn and his family owing the bank £2.5bn.
This is the third such protest as, on 18 April, a 20 tonne truck was abandoned outside the group headquarters in Derrylin.
The dumper truck was driven through the main entrance, crashing past number of bollards.
Job security is a continuing concern for the workers, despite all jobs in the Republic of Ireland and NI having been transferred to the joint venture after a five-year restructuring plan was agreed between Anglo and the Quinn Group's lenders, aimed at stabilising the businesses, which are described as "fundamentally good and profitable".
Quinn Group's new Chairman Pat O'Neill told BBC NI that the financial restructuring was "essential for the survival of the business", and said more than 2,600 jobs would be protected.
(BMcC/GK)
Around 200 workers and supporters have again gathered outside the company's headquarters in Derrylin as a show of support for the firm's founder, local entrepreneur, Sean Quinn.
And it's not just Fermanagh, as there are representatives from both sides of the Irish border involved in the newly formed Cavan, Fermanagh, Leitrim Action Group, who say they represent staff.
Today's new protest follows another on Tuesday, when protesters staged a sit-in at the Quinn Group HQ and said it was a show of support for the founder of the company.
Anglo Irish Bank recently appointed accountants KPMG to take control of the Quinn family shares in the business and appointed a new management team - effectively excluding the famous founder and all his family from the business he founded, but floundered with Mr Quinn and his family owing the bank £2.5bn.
This is the third such protest as, on 18 April, a 20 tonne truck was abandoned outside the group headquarters in Derrylin.
The dumper truck was driven through the main entrance, crashing past number of bollards.
Job security is a continuing concern for the workers, despite all jobs in the Republic of Ireland and NI having been transferred to the joint venture after a five-year restructuring plan was agreed between Anglo and the Quinn Group's lenders, aimed at stabilising the businesses, which are described as "fundamentally good and profitable".
Quinn Group's new Chairman Pat O'Neill told BBC NI that the financial restructuring was "essential for the survival of the business", and said more than 2,600 jobs would be protected.
(BMcC/GK)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
15 March 2024
Mums At Work: Entrepreneurs To Share Journey & Expertise
A whole host of local entrepreneurs are set to take to the stage at the Mums At Work Elevate Your Business event later this month.
Mums At Work: Entrepreneurs To Share Journey & Expertise
A whole host of local entrepreneurs are set to take to the stage at the Mums At Work Elevate Your Business event later this month.
06 May 2010
Quinn Steps Back As Stormont Steps In
Just hours after news that Sean Quinn is to stand down from the board of the troubled Quinn Group, a Stormont nominee is to step in to co-ordinate the NI Government's response to the situation at Quinn Insurance.
Quinn Steps Back As Stormont Steps In
Just hours after news that Sean Quinn is to stand down from the board of the troubled Quinn Group, a Stormont nominee is to step in to co-ordinate the NI Government's response to the situation at Quinn Insurance.
10 May 2010
Laing O'Rourke Chase Quinn Deal
A Kent-based multi-national construction business is eyeing-up the troubled Quinn Group. Laing O'Rourke is understood to have held talks over a potential takeover of parts of its business. Delegates from the construction giant spent two days last month at the Quinn headquarters, in Co Cavan, it is reported.
Laing O'Rourke Chase Quinn Deal
A Kent-based multi-national construction business is eyeing-up the troubled Quinn Group. Laing O'Rourke is understood to have held talks over a potential takeover of parts of its business. Delegates from the construction giant spent two days last month at the Quinn headquarters, in Co Cavan, it is reported.
22 March 2024
11 Administrative Challenges Facing Small Businesses
In today's rapidly evolving business landscape, small businesses are facing an unprecedented array of challenges. From navigating the complexities of technology and compliance to fostering meaningful customer relationships and managing a dispersed workforce, the hurdles can seem insurmountable.
11 Administrative Challenges Facing Small Businesses
In today's rapidly evolving business landscape, small businesses are facing an unprecedented array of challenges. From navigating the complexities of technology and compliance to fostering meaningful customer relationships and managing a dispersed workforce, the hurdles can seem insurmountable.
02 April 2024
BCC Celebrates First Inclusive Entrepreneurship Focused Programme
A fully-funded programme designed to support pre and early stage entrepreneurs experiencing additional barriers to enterprise, concluded with a celebratory event at Belfast City Hall recently. Fifteen Belfast residents benefited from the enhanced mentoring programme, designed and delivered by The Mind Tribe UK on behalf of Belfast City Council.
BCC Celebrates First Inclusive Entrepreneurship Focused Programme
A fully-funded programme designed to support pre and early stage entrepreneurs experiencing additional barriers to enterprise, concluded with a celebratory event at Belfast City Hall recently. Fifteen Belfast residents benefited from the enhanced mentoring programme, designed and delivered by The Mind Tribe UK on behalf of Belfast City Council.
-
Northern Ireland WeatherToday:A rather cloudy morning, with a little patchy light rain or drizzle to start. Skies clearing and becoming dry and increasingly sunny in the afternoon. Maximum temperature 13 °C.Tonight:Dry with prolonged clear spells through the evening and overnight. This will allow for some fog patches to develop in places overnight. Minimum temperature 2 °C.
