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Friday 24 March 2017

Protest over new Quinn management

Michael McHugh

Hundreds of people have gathered again at the Quinn headquarters in Fermanagh to protest against new management at the firm.

Organisers want promises over jobs and the return of founder Sean Quinn to the company.

Some protesters have been invited inside to meet managers.

It is the second demonstration this week over Anglo Irish Bank's decision to appoint an administrator to take control of the Quinn family shares.

A new management team has also been appointed, angering local people who praise Mr Quinn for creating jobs.

Mr Quinn's family owes the bank close to €3bn but many in the border region that formed the hub of his empire remain loyal to him.

Anglo Irish Bank has appointed accountant KPMG to take control of the Quinn family shares in the business.

The bank said it was owed an enormous amount of money by the Quinns, which they were not in a position to repay, despite Mr Quinn's claims that he had a strategy to refund the money.

Employees have been told there are no plans for any job losses.

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