10/02/2011

Allergan Prescribes Jobs As Lloyds Cuts-back

Ireland had both good and bad news on jobs this week with the medical firm Allergan set to create 20 manufacturing jobs in Westport, Co Mayo.

It plans to make its latest product, SeriScaffold, which is used in tissue generation, including breast reconstruction, at the plant.

On the negative side, the Lloyds Banking Group has confirmed that 80 jobs are to be lost at one of its insurance companies in Co Clare.

The redundancies will affect the St Andrew's Group, which is based in Shannon.

The firm manages insurance claims and customer services for a number of companies, including MBNA, Sainsbury's Bank and AA Personal Finance.

Lloyds said that compulsory redundancies would be a last resort, and that it had entered into discussions with the workers and the Unite trade union.

Lloyds pulled out of the payment protection insurance market last July, and it cut 21 jobs shortly afterwards.

(BMcC/GK)

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