The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
1,000 jobs Number of planned job creations
Announcement Date
30 August 2006
Employment effect (start)
Foreseen end date
31 August 2011
Description
Irish Insurance firm Quinn Direct has confirmed it will create 1,000 new jobs in three locations in the Irish Republic. It plans to create almost 1,000 jobs in Cavan and Meath, in Ireland, as it continues to expand into overseas markets. The majority of the new jobs will be created in Navan, Co Meath, where Quinn Direct will open a centre employing around 700 staff. The new positions will be in insurance sales, claims administration and customer service to support the group's growing business in Britain and Europe. The remaining expansion will be split between Co Cavan and Blanchardstown, Co Dublin. The expansion will bring Quinn Direct's workforce close to over 2,000.
Minister for Enterprise Trade and Employment, Micheál Martin stated: "Quinn-Direct is an excellent example of how an ambitious Irish financial services company can grow and internationalise, and Enterprise Ireland will continue to work closely with the company."
Quinn Direct is the third-biggest insurer in the Republic, with 420,000 customers.
Sources
20 August 2031: The Irish Times
Citation
Eurofound (2006), Quinn Direct, Business expansion in Ireland, factsheet number 63990, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63990.
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