Some 285 jobs are to go across three counties at Liberty Insurance, which was formerly known as Quinn Insurance.
It is just over a year ago, when US insurer Liberty Mutual Group formally took control of the Irish business of Quinn Insurance Ltd, the company that was founded and formerly led by Fermanagh businessman Seán Quinn.
Ownership of the insurer passed to a joint venture with Liberty’s 51 per cent stake, and the IBRC, who owned 49 per cent.
On 15th November 2012, workers were told on Thursday afternoon that 140 voluntary redundancies would be sought in Blanchardstown in Dublin, 75 in Cavan town and 70 in Enniskillen, Co Fermanagh.
About 500 people currently work in each location.
Chief executive Patrick O’Brien said Liberty are ‘fully committed’ to the Irish business.
He added that management, employees and the employee representative body would work together during a 30 day consultation period.
The company also announced plans to enter the market in Britain.
Joe Higgins, Socialist Party/United Left Alliance TD ‘wholeheartedly condemned’ the redundancies at Liberty Insurance ‘after 900 workers were let go two years ago by Quinn Insurance’s administrators’.
“The fallout of the collapse of Quinn Insurance is clearly continuing to have devastating consequences,” said Deputy Higgins.
The Dublin West TD claimed the parent company of Liberty is a ‘profitable company’ and ‘is following the lead of countless companies before it, by using the recession to sack workers and further increase its profitability’.
“In my own constituency, Liberty Insurance is looking for 140 voluntary redundancies in an office where there are only 500 workers.
“The Trade Union movement must intervene immediately to ensure these valuable jobs are safeguarded and to avoid yet more workers being heaped onto the ever growing dole scrapheap,” argued Deputy Higgins.