Tuesday 20 February 2018

Financial services firm to create 120 new jobs

Peter Flanagan

UP to 120 jobs are to be created by a leading financial services company.

Galway-based Acorn Life said it will be hiring about 100 financial advisers at its nine offices across Ireland. Another 20 staff will be recruited to work in administration and IT.

About 30 of the positions have already been filled.

Keith Butler, head of business development, said the need for financial advice led to the expansion.

Meanwhile, more than 30 jobs could be at risk after two UK retailers announced plans to cut back operations here.

Off-licence chain Oddbins are to pull out of Ireland after the group's parent company said it will close nearly a third of its stores across Britain and Ireland.

The company, which employs 14 people at its four stores in Dublin, will attempt to sell them as a going concern, with Genesis Financial now tasked with finding a buyer.

Despite the plans to sell, a spokesman for the company said "there is no intention to close our operations in Ireland". "Oddbins has appointed Genesis Financial to seek a buyer for this very attractive and profitable specialist wine retail business as a going concern.

"Due to the tough economic climate, the business is being restructured with the result that 39 branches across the United Kingdom will be closed over the coming weeks."

And a further 19 Irish jobs are set to go at UK carpet seller Carpetright. The company plans to close seven of its 25 outlets in the Republic as local trading conditions "remain very difficult".

Irish Independent

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