Tuesday 12 December 2017

Fears ease as medical firm creates 79 jobs

Mark Hilliard

A TOWN shattered by job concerns received a double boost yesterday as a medical devices firm announced 79 new jobs.

Meanwhile, fears of massive job losses at MBNA in Carrick-on-Shannon are easing, with hopes of a buyer for the Bank of America facility.

Medical devices producer VistaMed revealed plans to invest €7.2m in research and development and in expanding its production capacity, in a move that will almost double its workforce in the Co Leitrim town.

Welcoming the announcement, Jobs, Enterprise and Innovation Minister Richard Bruton described it as a "significant day for the Irish economy".

"VistaMed is an Irish company in a regional location taking advantage of Ireland's excellent record in the multinational medical technology sector to drive innovation and employment growth. We need to see more of this," he said.

Concerns about the future of the Bank of America-owned MBNA in the town have also eased somewhat.

Bank of America announced it was withdrawing from its Irish credit card operation last August, putting 750 jobs under threat.

But it is now understood that a number of companies are interested in purchasing the credit card branch of the bank.

An announcement is expected early in the New Year.

Irish Independent

Promoted Links

Today's news headlines, directly to your inbox every morning.

Promoted Links

Editor's Choice

Also in Irish News