Seanad debates
Wednesday, 28 September 2011
Company Closures: Motion (Resumed)
I spoke about the situation in MBNA when the Minister was in Charlotte, North Carolina last week. Some 750 people are employed in MBNA in Carrick-on-Shannon and it accounts for the flow of approximately €26 million annually into the local economy in counties Longford, Roscommon and Leitrim. If anything happened to MBNA, it would spell social and economic disaster for those counties. People travel from Cavan to work in that company in Carrick-on Shannon. Leitrim County Council receives €400,000 in rates annually from MBNA. Its presence results in not only €26 million flowing into the local economy but in the county council collecting €400,000 a year in rates to keep it going. I would like to hear how the Minister got on last week. I know he is genuinely and sincerely interested in the issue of employment. He does not need to convince me of that. I tried to find out what happened at the meeting attended by the Minister but the information I got was not satisfactory, although that is probably due to the channel through which I tried to find out the position. I would like to hear from the Minister how he got on and what they had to say.
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