Belfast Telegraph

Credit card firm sale secures jobs

A total of 250 jobs have been secured with the successful sale of a major credit card company.

Bank of America sold part of its credit card operation in Carrick-on-Shannon, Co Leitrim, to Apollo and will serve the Irish market.

Jobs Minister Richard Bruton revealed another 400 jobs based at the site will continue to support its UK operations.

Mr Bruton said Bank of America's announcement last August that it was exiting the UK and Ireland credit card business was a major shock to the region.

"Bank of America is a massive employer and a huge contributor to the economy in Carrick-on-Shannon and the north west," he said.

"When I travelled to Carrick shortly after the announcement I pledged that Government would do everything possible in an effort to secure these jobs.

"Since then an intensive process has taken place and I commend the IDA in particular for their work on this case."

The minister has twice held talks with Bank of America global chief executive Brian Moynihan while on trips to the United States, most recently last month, in a bid to save the jobs.

"I believe that our role, but also the role of the Bank of America and the commitment from Bank of America to see a good outcome was important," continued Mr Bruton.

"There was a unified belief that the best option was to protect the jobs, that that was do-able. That was vigorously pursued on our side and by the Bank of America. Today's outcome is testament to that."


From Belfast Telegraph