09/07/2010
Jobs Boost Sees 'Fortune' Favour Shannon
A leading Fortune 500 global financial security company valued at over $100 billion, Genworth Financial Inc, is about to increase its 6,000-strong workforce by creating up to 117 new jobs in Clare over the next three years.
The Minister for Enterprise, Trade and Innovation, Batt O'Keeffe has announced that the top US global financial security firm will create the jobs in the Shannon Free Zone with the support of the Daíl Government through Shannon Development.
The firm previously established operations in the Shannon Free Zone in 1997 and now employs 345 full-time workers with the planned new jobs set to bring the workforce to 462, with growth expected in the operations teams.
Genworth Financial's base in Shannon is a centre of excellence for operations, information technology and finance teams for the company's lifestyle protection business.
The new jobs will be in the operations division of the lifestyle protection business which helps clients to meet repayment obligations on loans, mortgages and other credit products should they be unable to pay due to accident, illness, involuntary unemployment, disability or death.
Genworth Financial is a wholly owned subsidiary of Genworth Financial Inc, a Fortune 500 company based in Virginia, US, with operations in over 25 countries.
Minister O'Keeffe said: "Genworth Financial's intention to increase its workforce in the Shannon Free Zone is a clear indication of the firm's long-term commitment to the area and a signal that our regions continue to win investments from global players.
"The Shannon Free Zone hosts over 100 firms generating €3.5 billion in annual sales - 90% of which are to export markets.
"The business park, with its links to Shannon Airport and multi-sectoral employment base, is a strong revenue generator for the local economy and the Shannon Development team worked hard to secure Genworth Financial's investment against strong competition."
Commenting, the President of Genworth Financial's European operations, Bob Brannock, said: "We are focused on growth and delighted to be expanding operations at our Shannon Free Zone centre of excellence.
"Our highly skilled teams in Shannon have played a vital role in helping families create financial security through this economic cycle.
"As we grow into new geographies and enhance the capabilities we offer to our distributors, we will need to build teams and develop our people so we continue to deliver outstanding levels of service."
Also welcoming the move, the Chief Executive of Shannon Development, Dr Vincent Cunnane, said: "This is a fantastic boost for Shannon.
"Genworth Financial's decision to expand its workforce at their Shannon Free Zone facility is an endorsement of the continued appeal of the Zone as an attractive location for global financial service companies.
"I would like to congratulate Genworth and assure them of Shannon Development's continued support in growing their Shannon operations."
(BMcC/KMcA)
The Minister for Enterprise, Trade and Innovation, Batt O'Keeffe has announced that the top US global financial security firm will create the jobs in the Shannon Free Zone with the support of the Daíl Government through Shannon Development.
The firm previously established operations in the Shannon Free Zone in 1997 and now employs 345 full-time workers with the planned new jobs set to bring the workforce to 462, with growth expected in the operations teams.
Genworth Financial's base in Shannon is a centre of excellence for operations, information technology and finance teams for the company's lifestyle protection business.
The new jobs will be in the operations division of the lifestyle protection business which helps clients to meet repayment obligations on loans, mortgages and other credit products should they be unable to pay due to accident, illness, involuntary unemployment, disability or death.
Genworth Financial is a wholly owned subsidiary of Genworth Financial Inc, a Fortune 500 company based in Virginia, US, with operations in over 25 countries.
Minister O'Keeffe said: "Genworth Financial's intention to increase its workforce in the Shannon Free Zone is a clear indication of the firm's long-term commitment to the area and a signal that our regions continue to win investments from global players.
"The Shannon Free Zone hosts over 100 firms generating €3.5 billion in annual sales - 90% of which are to export markets.
"The business park, with its links to Shannon Airport and multi-sectoral employment base, is a strong revenue generator for the local economy and the Shannon Development team worked hard to secure Genworth Financial's investment against strong competition."
Commenting, the President of Genworth Financial's European operations, Bob Brannock, said: "We are focused on growth and delighted to be expanding operations at our Shannon Free Zone centre of excellence.
"Our highly skilled teams in Shannon have played a vital role in helping families create financial security through this economic cycle.
"As we grow into new geographies and enhance the capabilities we offer to our distributors, we will need to build teams and develop our people so we continue to deliver outstanding levels of service."
Also welcoming the move, the Chief Executive of Shannon Development, Dr Vincent Cunnane, said: "This is a fantastic boost for Shannon.
"Genworth Financial's decision to expand its workforce at their Shannon Free Zone facility is an endorsement of the continued appeal of the Zone as an attractive location for global financial service companies.
"I would like to congratulate Genworth and assure them of Shannon Development's continued support in growing their Shannon operations."
(BMcC/KMcA)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
17 November 2003
Call centre opening creates 170 jobs for Shannon Free Zone
Contact Partners Limited, a leading sales and customer care solutions provider to the UK and Irish financial services markets, have opened a sophisticated customer services centre at Shannon Free Zone.
Call centre opening creates 170 jobs for Shannon Free Zone
Contact Partners Limited, a leading sales and customer care solutions provider to the UK and Irish financial services markets, have opened a sophisticated customer services centre at Shannon Free Zone.
16 June 2003
Shannon region investment to creat 200 jobs
Irish Deputy Prime Minister, and trade minister, Mary Harney has announced an investment of 14 million euro in 11 new Irish-owned high-technology start-up businesses in the Shannon Region.
Shannon region investment to creat 200 jobs
Irish Deputy Prime Minister, and trade minister, Mary Harney has announced an investment of 14 million euro in 11 new Irish-owned high-technology start-up businesses in the Shannon Region.
04 September 2007
Fidelity Investments To Establish R&D Centre In Galway
One of the world's largest providers of financial services is to set up a research and development operation in Galway, creating 49 jobs.
Fidelity Investments To Establish R&D Centre In Galway
One of the world's largest providers of financial services is to set up a research and development operation in Galway, creating 49 jobs.
09 June 2008
Technology Job Losses In Shannon
Forty-eight jobs are to go in Shannon, after the announcement that a technology firm will close. Buffalo Technology Ireland, who assembles, tests and distributes devices used for storing information, said its Irish business had made a loss in the past two years, and as a consequence business was no longer feasible.
Technology Job Losses In Shannon
Forty-eight jobs are to go in Shannon, after the announcement that a technology firm will close. Buffalo Technology Ireland, who assembles, tests and distributes devices used for storing information, said its Irish business had made a loss in the past two years, and as a consequence business was no longer feasible.
28 June 2006
Two Major Shannon Expansions Of International Companies
Micheál Martin, Irish Minister for Enterprise, Trade and Employment, has announced expansions by two international companies at Shannon Free Zone that will generate up to 285 new jobs over the next five years. Minister Martin made the announcement from Japan where he is accompanying 30 Irish companies on an Enterprise Ireland Trade Mission.
Two Major Shannon Expansions Of International Companies
Micheál Martin, Irish Minister for Enterprise, Trade and Employment, has announced expansions by two international companies at Shannon Free Zone that will generate up to 285 new jobs over the next five years. Minister Martin made the announcement from Japan where he is accompanying 30 Irish companies on an Enterprise Ireland Trade Mission.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.