MBNA Jobs At Risk

There are fears of the future of hundreds of jobs at the MBNA credit card company in Ireland.

The firm's parent company, the Bank of America, has announced plans to exit its credit card business internationally including the UK and Ireland.

The announcement is part of the company's plans to focus on its core business and follows the sale of its credit card business in Canada and Spain.

MBNA, which has been operating in Ireland since March 1997, currently employs up to 1,000 people in Carrick-on-Shannon in Co. Leitrim.

Commenting on the decision, Minister for Jobs, Enterprise and Innovation, Richard Bruton confirmed that he had been in contact with Bank of America officials. He said: "I have been in contact with representatives of Bank of America to discuss their decision to exit their credit card business in the UK and Ireland and its implications for their Carrick-on-Shannon facility. I have also spoken to the IDA and asked them to work closely with the company with a view to assisting them in finding a buyer for the business as a going concern."

The Minister confirmed that the IDA will now market the business through its Global Network, which to date has had a number of successes in finding buyers in a number of sectors throughout the country.


Related Irish News Stories
Click here for the latest headlines.

29 June 2015
Wrike To Establish European HQ In Dublin
American company Wrike is to develop 50 jobs by establishing its European Headquarters in Dublin. The two year investment is being created with the support of the Department of Jobs, Enterprise and Innovation through IDA Ireland. The US technology firm builds business software for digital workforces.
01 March 2010
Ryanair Passenger Eats €10,000 Scratch Card
Ryanair have revealed that a male passenger aboard a flight ate his winning scratch card worth €10,000 after being told he would have to wait until landing before claiming his prize.
25 September 2015
Gardaí Issues Warning Over 'Vishing' Scam
Gardaí have issued a warning over a new telephone scam known as 'Vishing'. 'Vishing' involves criminals using a telephone to deceive people into providing financial information. Members of the public would receive a telephone call to their landline from an individual claiming to be a 'Security Manager' from a well-known business.