Liberty Insurance to cut 285 staff in Dublin, Cavan and Enniskillen
Published 15/11/2012 | 15:44
LIBERTY Insurance is to make 285 staff redundant - two years after 900 staff were laid off at the company.
Employees were informed of the job losses at a staff meeting this afternoon – with 140 voluntary redundancies sought in Blanchardstown in Dublin, 75 in Cavan town and 70 in Enniskillen.
Approximately 500 staff currently work in each location.
The insurance giant bought 51pc of Quinn’s business for €101m.
At the time of the takeover, the company said it planned to keep all of the Quinn jobs secure and hoped to hire even more people as its share of insurance grew.
They also said they were considering whether to relocate its European headquarters, currently in Spain, to Ireland, which would create more jobs here.
Patrick O'Brien, chief executive of Liberty Insurance, said the redundancies were necessary a year after acquiring the business to protect the remaining 1,100 jobs.
"We are fully committed to the Irish business, will continue to invest in our business, and believe that our arrival has been positive for the Irish insurance market and consumers," he said.
The company has also announced it is to enter the insurance market in the North of Ireland and Britain.