Menu
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)
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)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
08 October 2001
Lloyd’s gross insurance exposure may run to £7bn
The latest figures available estimate that the London Insurance markets may be facing £7 billion ($10 billion) in gross liabilities as a result of the terrorist attacks on the US. According to rating agency Fitch, the net loss as reported by Lloyd’s was £1.3 billion, but the final net figure may be closer to £1.7 billion.
Lloyd’s gross insurance exposure may run to £7bn
The latest figures available estimate that the London Insurance markets may be facing £7 billion ($10 billion) in gross liabilities as a result of the terrorist attacks on the US. According to rating agency Fitch, the net loss as reported by Lloyd’s was £1.3 billion, but the final net figure may be closer to £1.7 billion.
26 September 2001
Lloyd’s reveal extent of US terror attack insurance claim
Lloyd’s of London has revealed that the cost of the terrorist attacks on the US has resulted in the biggest single claim in the market’s 300 year history. The amount of the claims has been estimated as costing Lloyd’s around £1.3 billion, exceeding the previous highest total of £929 million for damage caused by Hurricane Hugo in 1989.
Lloyd’s reveal extent of US terror attack insurance claim
Lloyd’s of London has revealed that the cost of the terrorist attacks on the US has resulted in the biggest single claim in the market’s 300 year history. The amount of the claims has been estimated as costing Lloyd’s around £1.3 billion, exceeding the previous highest total of £929 million for damage caused by Hurricane Hugo in 1989.
15 February 2002
FTSE rallies to top two-week high
The FTSE 100, which had slipped below the 5200 mark, rallied late on Friday afternoon to top a two-week high. At one stage in early morning the index was trading at the 5185 before the midday come back restored the index to exceed yesterday's highs.
FTSE rallies to top two-week high
The FTSE 100, which had slipped below the 5200 mark, rallied late on Friday afternoon to top a two-week high. At one stage in early morning the index was trading at the 5185 before the midday come back restored the index to exceed yesterday's highs.
11 July 2001
GOVERNMENT BLOCKS LLOYDS TSB MERGER
THE Government has blocked Lloyds TSB’s £18.2bn takeover bid for rival Abbey National, saying that the merger would be against the public interest.
GOVERNMENT BLOCKS LLOYDS TSB MERGER
THE Government has blocked Lloyds TSB’s £18.2bn takeover bid for rival Abbey National, saying that the merger would be against the public interest.
15 February 2002
Lloyds TSB announce plans to axe 3,000 jobs
High Street bank Lloyds TSB has announced plans to axe 3,000 jobs this year in an attempt to cut costs. As well as unveiling lower profits, the bank said it planned to cut a total of 5,000 jobs this year, but would create 2,000 in other areas, resulting in a net loss of 3,000 positions.
Lloyds TSB announce plans to axe 3,000 jobs
High Street bank Lloyds TSB has announced plans to axe 3,000 jobs this year in an attempt to cut costs. As well as unveiling lower profits, the bank said it planned to cut a total of 5,000 jobs this year, but would create 2,000 in other areas, resulting in a net loss of 3,000 positions.
-
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.
