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Sunday, 11 January 2015

Does trust the lying shower of B's

GLASS WORKERS BEWARE
It was hard to read the letter sent by Mike Mc Tighe and Paul O Brien yesterday, without laughing, if it was not so serious. In a lengthy statement they tried to brainwash people into a false sense of security and unfortunately succeeded in some quarters.
I would like to make a few comments on their arguments:
They engaged in “an extensive bid process”; they forgot to say it was a secretive process whereby details were sent to selected glass companies and hedge funds in Europe and America. No-one in Ireland was invited to submit bids and the sale was never advertised in local or national press. How were locals supposed to know about the sale? When QBRC heard about the sale they only got CIS on condition they had nothing to do with glass; they were, in fact, banned from bidding for it. FAIR????
The letter writers quibble with the fact that people want it “retained” locally. OK people want it returned to the people who built it and made it into a successful business. When the Quinns win their case verifying that these businesses were in fact stolen from them, where will glass be? In Spanish hands! One must query why such haste to get rid of a great business to outsiders? A simple vendetta against Quinn! Make sure the American bondholders get their money but leave the locals with nothing!
The writers also admit that while these are great glass people with numerous plants, Derrylin and Elton are the most modern in their “portfolio”.
Well done, Sean Quinn! The extensive men in Europe couldn't compete with you! Interesting point “in their portfolio”. Have these guys already sold out? Is Quinn Glass already in their portfolio?
These modern plants built locally will, in the words of these 2, become a “subsidiary” to lesser plants. Not good enough, gentlemen. They are the leaders in Europe. As far as this Spanish set-up is concerned Derrylin is on the periphery of the periphery of Europe and they can say what they like now but they have no commitment to keeping Derrylin open. They can steal the customers and produce the glass in Spain with cheaper materials and cheaper labour.
“No job losses!” We heard it from the administrator Michael Mc Ateer in Quinn-Direct, from Michael Noonan, from Arlene Foster and what did we get? Redundancies and pay-offs all round and those who told us differently never let on. Paul O Brien said that Sean Quinn would never be back. Mike Mc Tighe said Quinn Group was in “uncontrollable insolvency”. Sorry men you lied before and talked rubbish; we can not believe you now.
One final question to the bondholders: Why have you such a vendetta against our little rural community? Are you angry because you wrongly took guarantees on subsidiaries of a regulated entity? Or because you supported a share receiver on the word of a fraudulent bank? Whatever the reason you are allowing our livelihoods to be taken from us in the most ruthless way. Our insurance company is gone to Americans; our windfarm to French and now you want our glass plant to go to Spaniards. Don't be misled by the unscrupulous lies of Aventas and leave us our livelihoods.

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