April 30, 2010

Oh yes: the Mighty Quinn is now licensed to thrill once again with its own inimitable brand of insurance product across the full length and breadth of UKland.

But for many Quinners (Quinnies?) it looks like a classic case of too little too late. Around 900 staff, the Irish Independent reports, could still lose their jobs under plans being finalised by the company’s administrators.

The recent decision to allow Quinn to re-enter the UK motor insurance market, having only just been asked to pull out prematurely, may provide some minor satisfaction for the Quinnsters. But the landscape looks a little different now.

Unofficial confirmation of impending lay-offs, looks set to dash workers’ hopes of the firm renewing its low-cost love affair with the UK motor insurance market right where it left off.

Sources quoted by the Irish Independent noted that “the UK move would result in a smaller business for Quinn in that market – because prices are set to go up, thereby cutting the number of policies written.”

Not to mention the mood-killing effects of some cold water thrown by the press.


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