George Lawlor (Wexford, Labour)
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256. To ask the Minister for Enterprise, Trade and Employment the engagement he has had with the management and owners of a company (details supplied); the discussions he has had regarding finding a replacement company; the discussions he has had with regard to the future use of the premises; if the Government intends to purchase the property from the company to provide much-needed accommodation for replacement business; and if he will make a statement on the matter. [33305/25]

Peter Burke (Longford-Westmeath, Fine Gael)
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As part of a global review of its real estate assets, BNY announced in January of this year that it would be closing its Wexford facility at the end of the year.

Since this announcement, IDA Ireland has continued to actively engage with BNY both locally and at a global senior management level to support the local workforce in Wexford. To that end, the IDA is working closely with local government and educational stakeholders in the South-East Region to implement the job loss protocol and ensure a coordinated support for impacted employees.

Additionally, the IDA Property Division has visited the BNY building in Wexford with a view to marketing it to prospective investors. IDA has introduced potential investors to BNY who are actively seeking to hire in the South-East Region, and may also have interest in the premises. These engagements are part of a broader strategy for IDA to attract replacement business and ensure the continued economic vitality of the South-East Region.

The South-East Region comprises counties Waterford, Kilkenny, Carlow and Wexford. There are 85 IDA client companies in the Region, employing 15,580 people. The FDI performance in the region has been consistent over the past five years with employment among IDA clients increasing by 15%. The South-East has a significant ecosystem of well-established companies across Technology, Life Sciences, International Financial Services and Engineering & Industrial Technologies which are complemented by research centres that help win new business and assist existing client companies with transformation.