irishtimes.com - Last Updated: Thursday, November 15, 2012, 19:27

AINE McMAHON

Liberty Insurance, formerly Quinn Insurance, is to shed 285 jobs at its offices on both sides of the Border.

The development comes on top of 900 redundancies two years ago at the company.

At staff meetings this afternoon, workers were told that 140 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.

A spokesman for Liberty Mutual told The Irish Times that Cavan will remain the headquarters for Liberty Mutual insurance in Ireland.

The company has told staff the redundancies are voluntary but the company has not ruled out compulsory job losses.

Chief executive Patrick OBrien said the redundancies were necessary to protect the remaining 1,100 jobs.

We are fully committed to the Irish business, will continue to invest in our business, and believe that our arrival has been positive for the Irish insurance market and consumers, he said.

He added that management, employees and the employee representative body would work together during a 30 day consultation period.

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Liberty Insurance to cut 285 jobs