administrators have verified that 900 employees at Quinn Insurance are on the verge of losing their jobs.
Around 200 jobs will go in Enniskillen and Derrylin, leaving a labor force of 450 people.
The insurance company is now formally up for sale. Employees at the different centers were informed of the movements on Friday afternoon.
The company's possessor, Sean Quinn has said that he and his family are "devastated" by the redundancies.
The job losses are bigger than expected. It was contemplated that 800 jobs would go.
Previously on Friday, the Board of Quinn Group said that Quinn Insurance should be sold.
Managers said that the enormous hacks, affecting over one-third of the company's 2,400-strong labor force, were required to protect the business's future.
The redundancies will be proffered on a voluntary basis and are anticipated to occur over a 12-month period across all of Quinn Insurance's centers.
Joint Administrators, Paul McCann and Michael McAteer of Grant Thornton said, "This is a difficult announcement to make and a considerably more difficult announcement for the workers ofQuinn Insurance to hear".
In a statement, Mr. Quinn said that he hopes to state his appreciation for the "huge effort" of workforce.
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