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OVER THREE HUNDRED jobs are on their way to Donegal at an eco-friendly campus run by a subsidiary of Prudential Financial.
Minister for Jobs Richard Bruton TD announced the plans by Pramerica Systems Ireland to expand its operation in Donegal today.
It will create 330 new jobs over the next three years, and said there is potential for further growth in the longer term.
The company will build a new state-of-the-art, eco-friendly office campus near its current location in Letterkenny to accommodate the expansion.
Pramerica is a professional shared services and technology subsidiary of the US-based Prudential Financial, Inc (PFI).
Though it is a little-known company here, Pramerica will have almost as many employees as Microsoft, which is Ireland’s biggest company with 1800 staff.
“Pramerica is delighted that we have reached this historic milestone just 15 short years since we launched our business in Letterkenny with eight employees,” said Caroline Faulkner, senior managing director and chief information officer at Pramerica Systems Ireland.
Location
The new site is around 1km from Pramerica’s existing facility in Windy Hall, within the same business park.
The first of two construction phases will begin during the last quarter of this year and will be completed by summer 2017.
The new premises will be able to accommodate up to 1,800 staff members, and is tentatively scheduled to open in mid-2016.
“We currently employ more than 1,200 people who are dispersed in four buildings. The new facility will bring them together in a single location,” Faulkner said.
In addition, it will give us the space we need to bring on approximately 330 new staff members over the next three years. The new job opportunities will include senior IT managers, project managers, business analysts, data scientists, actuaries, accountants and a wide range of technology support and professional services roles.
Taoiseach Enda Kenny said the news is a major jobs boost for both Donegal and the North West region of Ireland.
Minister Bruton met senior Pramerica executives on a recent USA trade mission. He said:
Jobs are growing right across the country, and unemployment is falling in every region – however the performance is better in some regions than in others. That is why we are putting in place regional jobs strategies, to accelerate job-creation in every region of the country.
Over 800 extra jobs have been created in Donegal in the last 4 years in companies supported by my Department – however we must do more.
Construction of Pramerica’s new business campus and the expansion of its business are being conducted with the support of the IDA, the Donegal County Council and the Irish government.
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My first time getting it from tomorrow and I’m so thankful it’s available, the workplace were originally going to pay us only 50% of our contracted hours which was just not something some staff on 8 hour contracts could live on, especially when they work a lot more than 8 hours a week. Retail, even as management, is precarious!
@Whatever: I was on it from the middle of March last year until the end of December as my job is still closed but thankfully got a college placement co-op position for the next 8 months so I am off it now. Was very grateful to receive the PUP, glad it’s there for ye now being laid off again
@Whatever: As self employed I applied last year and was told NO. Now I eat beans, no heat, food or help. No one cares.
@Paul Somers: why was that? I know a few self employed people that got it. My brother and husband included
@Paul Somers: had you a tax return completed and paid for the previous financial year? If you completed a return in October/November 2019 for the 2018 tax year you should have got it. If you only started your business in 2019 you should qualify once you submitted a return for that year.
@Laura Clayton: I honestly don’t know, I pay tax and the vat. Got scared, and now sitting in the house with thermals and a wooly hat. I would love a cuppa
@Derdaly: yes I did
@Paul Somers: you should be entitled to it keep contacting your local social welfare office they will get it sorted for you. I was waiting 5 weeks for mine to come through but I got it eventually with persistence
@Brian Byrne: gave up but thank you
@Paul Somers: honestly don’t give up Paul keep at them daily until they sort it for you. I sent in the postal application and applied online through the social services portal. It was all sorted eventually.
@Paul Somers: That might be why you never got it. If you want it it’s there for you as long as you provide what’s required of you.
@Seán O’Loughlin: it’s embarrassing
@Paul Somers: You were told lies. I’m self employed and on the full PUP.
@Paul Somers: paul I’m self employed and I’m on it since March last year. I had to apply 3 times because it never went through online. The last time I posted it in and was eventually back dated to the 1st time I applied. You are 100% entitled to it. Hope thing get better for you soon.
Heard of some people being denied loans because they claimed pup. Thought it wasn’t meant to affect your credit rating?
@Brian Dunne: yeah that is true. Iv heard of people having their mortgage application rejected because one of the joint applicants were on PUP. Even with employer letters saying their job is secure and available for the person to return to. I don’t know if it effects your actual credit rating, but banks will not lend to people on social welfare and PUP is social welfare no matter what way you break it down. Its a joke
@Eoin Jackson: and before people start blasting the banks as the big bad wolves for that strategy, that is mandated by the CBI, which in other words, is basically mandated by the government.
@Eoin Jackson: yup – that was the case for me and my husband last April. We were both on Pup and both had letters confirming future employment and BoI pulled our approval. They’d issued it in February and we were sale agreed on a house and everything. That all fell through.
Ended up going to the credit union. Their deal isn’t great and you’ve to have a 30% down payment (Christ) but they signed off on it for us while both on Pup. In our own house now since November and I’m still on pup. Husband back at work but laid off on the wage subsidy scheme. We are well able to afford the mortgage repayments but there’s not a chance we could have afforded to rent a place
@Brian Dunne: it affects affordability not credit rating, so no surprises that people were refused a loan due to a lower income
Cash nixer bonanza
@MickN: Mor on. It’s keeping the wolf from the door for so many people.
@Seán Óg: Aye right…
@Mike: Dead on
Where do I sign up?
Went on the PUP in November because of redundancy.. started a new job today. Happy days!
Banks are very hard to deal with this lockdown. I tried to get a 2 month freeze on the mortgage as it’s going to be 2 months until I’m back up and running. Spent an hour filling in the online form. Looking now for last years earnings. Accountant letters etc. etc. What’s last years accounts got to do with being out of work this year due to a pandemic. I think the government should be doing more with the banks like last lockdown.
Serious question: Do people living in Northern Ireland, if working in the south, get paid PUP from the Irish Government?
@David Connell: only available to people with pps /prsi no. You have to supply details in order to qualify
And the reports of the country bouncing back later this year and the housing market being strong.
What a load of bs
@billy bound: I’m in construction and I’m up the walls. That includes every construction friend I know. Covid has made things busier not quieter.
If you get OAP and out of work you don’t qualify, even if you pay taxes
@Margaret Deacon: why should you get pup if you weren’t working in the first place.
When do they transfer to jobseekers (aka regular dole)?
And still you’ll get another tax demand at the end of this year like most people did in the last 2 weeks
when the chickens come home to roost this place will be worse than 2008.
If you are getting OAP but still working before Covid hit and were paid on PAYE basis, as far as I know, you are entitled to PUP. However if OAP and self employed and NOT on PAYE system, (just taxed at end of year when returns are made)then no PUP. Anyway this is what happened 2 of my friends who were in each situation as described
have your say