herald

Wednesday 15 August 2018

Bruton's pledge on MBNA jobs

ENTERPRISE Minister Richard Bruton has promised to pull out all the stops to protect the 700 threatened jobs at MBNA.

The group's parent company Bank of America has announced that it is pulling out of its credit card operations in Ireland and Britain.

MBNA's facility in Carrick-on-Shannon, Co Leitrim, is now in danger of closure.

But Mr Bruton said that the company has received expressions of interest about a buy-out. However, he stressed the process was at an early stage. After meeting staff, Mr Bruton said that he has pledged his full support to securing as many positions as possible.

"We will leave no stone unturned in our determination to do this. This is a start of a process and we can't guarantee the outcome but we have to be prepared and determined in our approach," he said.

It has been speculated that potential buyers could include Barclaycard, Spanish banking giant Santander and French bank Societe Generale.

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