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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