Save the jobs at Quinn Group

Bring Quinn Group into public ownership under democratic workers’ control Press Statement: Joe Higgins MEP (Socialist Party) “The thousands of jobs under threat at the Quinn Group must be saved. The Quinn Group employs 6,000 people in Ireland, North and South, and is located in an area which has suffered from long-term underinvestment. The company’s impact extends far beyond these numbers through secondary spending in the region. There is no doubt that the group represents a critical source of employment for many more thousands in Cavan and Fermanagh and further afield.

“However, it is clear that Sean Quinn cannot be trusted with these jobs. The catastrophic losses suffered by Quinn follow its cavalier attempt to buy Anglo-Irish Bank and what the Regulator describes as management malpractice. Quinn is no victim in this, having pocketed a personal fortune over the years.

“It is clear that Anglo Irish Bank’s proposal will see them dispose of Quinn Insurance soon after they buy it. On the other hand, it is likely that if the Financial Regulator gets his way and installs administrators to the group that it would probably also be sold off. Either option would likely result in large scale job losses.

“The only way to safeguard all of the jobs is for the Quinn Group as a whole to be nationalised. This Group must be brought into public ownership under the democratic control and management of the workers concerned and representatives of customers and the elected government.

“This would offer a real opportunity for the state to develop a more productive economy, with the group’s activities extending from quarrying, to cement production, to glass production to plastics. In addition, the nationalisation of the insurance wing would offer a mechanism to guarantee the provision of low cost insurance for households, small businesses and farmers, who currently face being fleeced by profiteers.”

Total
0
Shares
Previous Article

Divide and rule - Labour & partition in Irish History

Next Article

United action to defend compensation scheme

Related Posts

Tens of thousands march against ConDem cuts

There was an emphatic response to the savagery of the Con Dem spending cuts on Saturday in Edinburgh. Just 3 days after the government’s spending review that had proposed cuts of £81 billion in public spending, well over 20,000 people took to the streets for the Scottish TUC demonstration.

NIPSA: Fighting strategy needed for members

The Northern Ireland Public Service Alliance holds its annual conference in June. It will be a controversial event as the conference must draw up a balance sheet of the year just passed and work out policy for the year ahead.

For 46,000 NIPSA members the last year has been extremely difficult. They have seen their living standards depressed by inflation, services salami sliced, a huge increase in pressure and stress in the workplace and increasing attacks on public services by right-wing Assembly politicians. The year ahead looks even worse as the Assembly politicians feel freer to press ahead with cuts now that they have the elections out of the way. 

Britain after the election: “Deeper & tougher” cuts than under Thatcher

As we go to press, the outcome of the general election is very difficult to predict. The Tories are ahead in the polls but their lead is slipping and a clear Tory majority looks increasingly uncertain. The Tories need to climb an electoral mountain to win enough seats to form a majority government. At the present time, opinion polls suggest they may do it but the memory of the Thatcher years has not faded for millions of voters, especially working class voters. Now that the Tories have taken off the mask and appear as they truly are, the outcome of the election is much more uncertain. A certain swing back to Labour, especially amongst working class voters, is clearly discernible.