Quinn latest: 900 to lose jobs as CEO quits amid takeover rumours
In another tumultuous month for Quinn Insurance, 900 job losses were identified, chief executive, Colin Morgan, quit and the American insurer, Liberty Mutual, expressed an interest in acquiring the company.
Administrators at the troubled insurer announced they were beginning a consultation process that was expected to affect 900 staff, a decision they said they "deeply regretted".
"This is a difficult announcement to make and a considerably more difficult one for the workers of Quinn Insurance to hear. The scale of what we face is considerable," said representatives of Grant Thornton.
"Unfortunately, this process is necessary to sustain and grow a viable insurance business. While the exact number
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