Administration countdown

Jobs on the line as restructuring plan takes shape

Jobs on the line as restructuring plan takes shape

March 30:The High Court appoints two joint provisional administrators to Quinn Insurance after the Financial Regulator raises very serious concerns about the companys ability to meet liabilities.

April 1:Séan Quinn describes the decision by the regulator as one of the biggest errors ever in the history of corporate Ireland

April 6:Thousands of Quinn Insurance staff stage marches in Dublin and Cavan over job fears.

April 15:The High Court confirms the appointment of a full-time administrator at Quinn Insurance after the Quinn Group withdraws its objection

April 29:The Financial Regulator allows Quinn Insurance Ltd to re-enter the motor insurance market in the UK

April 30:900 jobs cuts are announced as part of a restructuring plan. There are 40 expressions of interest in buying Quinn Insurance.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter