Bank of America axe 102 jobs in Carrick

Local representatives have described their disappointment at Monday’s announcement by Bank of America that it was planning to axe 102 jobs at its Carrick-on-Shannon centre.

Local representatives have described their disappointment at Monday’s announcement by Bank of America that it was planning to axe 102 jobs at its Carrick-on-Shannon centre.

According to a statement issued by the bank 90 of the jobs affected are in the UK Credit Card Collections area with the remaining 12 positions in the Human Resources/Training sector of the operation.

While the 90 collections redundancies will be sought through “voluntary means” where possible, the 12 other jobs impacted by the announcement will be compulsory.

The bank has now opened a collective consultation process for the redundancies and a spokesperson stressed that the announcement did not impact credit card customers in Ireland where it is “business as usual”.

Speaking to the Leitrim Observer following the announcement, Leitrim County Council Manager, Jackie Maguire said that she had spoken to management at MBNA and had been assured there was “no correlation between these voluntary redundancies and the sale of the business”.

She accepted that any loss of jobs was a “blow to the area” but said that the sale of the credit card business was “still progressing” and there was hope that there would be a positive announcement on the sale by the end of the year.

She said that the loss of jobs in collections had been directly attributed to the downturn in the UK market over the last two years and estimated the loss of jobs in total amounted to around 10-12% of the Banks workforce in Carrick-on-Shannon

With MBNA one of the biggest rate payers in the county the implications of the loss of the company would result in the loss of at least €250,000 a year in payments to the Local Authority, crucial income in these more difficult financial times.

Carrick-based councillor, Gerry Reynolds also remained hopeful that a buyer would soon be found for the Credit Card arm stating that he understood a number of companies were “very much involved in the possible acquisition of the company”.

To read the full story see this week’s Leitrim Observer.