Sinn Fein Seeks Clarity.

Sinn Féin MLA Phil Flanagan has stated that there needs to urgent clarity provided on the future of the

 Quinn Group and the impact for its 

thousands of employees arising from the liquidation of IBRC.

Mr Flanagan, who is the Deputy Chair of the Assembly's Enterprise, Trade & Investment, said:

"The rushed decision by the Dublin government to liquidate IBRC, immediately dismissing all of its staff 

and transferring all of its assets to NAMA has raised serious concerns about the future of the Quinn Group.

"There are already significant questions to be answered about proposed job losses within the Quinn Group 

and this decision has only served to muddy the waters with regards to the company's future.

"The Quinn Group opened a voluntary redundancy scheme for all employees based in the Derrylin/Ballyconnell 

area only last week, a move which has really shocked local people.

"I have written to the Finance Minister Michael Noonan TD seeking urgent clarity on the impact the outworkings 

of this decision will have on the future of the Quinn Group and the thousands of people employed within it.


"It is my understanding that as a shareholder in the Quinn Group through IBRC, the Minister of Finance 

Michael Noonan TD had a say in any substantial loss of jobs within the company and this allowed some

 reassurances for staff.


"Michael Noonan and his Cabinet colleagues need to use whatever influence they have to safeguard jobs

 within the Quinn Group.


"I have also made contact with my party colleagues in Leinster House to ensure that this matter is put on the 

agenda and is addressed as a matter of urgency."