Conor Sheehan (Limerick City, Labour) | Oireachtas source

I raise the disappointing news of 300 job losses in Limerick with the closure of Carelon. It is extremely disappointing given that the company was established less than four years ago. It is clearly profitable. It made profits of approximately €400 million over two years. What level of engagement has the Government had with the parent company and, in particular, the CEO, Ms Gail Boudreaux, given this development was flagged over two months ago? I am concerned that there could be negative implications for the parent company in terms of IDA grant repayment, redundancy, difficulty recruiting quality staff elsewhere and, most significantly, possible capital gains implications arising from intellectual property made here in Ireland. Has this been conveyed to the CEO, Ms Boudreaux, in the United States by the Irish Government and Minister for enterprise? I assume that if this closure goes ahead as indicated, Revenue will take affirmative action, if necessary.

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