It is feared that about 400 temporary employees will lose their jobs with Apple Computers in Hollyhill, Co.
#Nectar carrickfergus software#
Meanwhile, in the Republic, up to 500 jobs are expected to be lost in the much-vaunted software industry. In Carrickfergus, 80 jobs are to go at the cosmetics plant Nectar Ltd. has announced that 400 employees are to be let go. In Belfast, talks have been continuing between management and investors in an effort to save more than 200 jobs at Mackies engineering plant in West Belfast. "It brings the total investment by Michelin in Ballymena during the last 10 years to almost $140 million."įounded in 1889, Michelin has been producing tires in Ballymena since 1969. Mowlam said that Michelin was concentrating its export-production for the North American market in one plant. The world’s leading tire manufacturer has made a $19 million strategic investment in its Ballymena plant to increase production of truck tires to North America and enable the company meet increasingly competitive global market requirements.īritish Northern Ireland Secretary of State Mo Mowlam said the project has already reached its target of 115 jobs, bringing total employment in the Ballymena factory to about 1,350 people.
The newspaper added that institutions, which up to a few years ago were the main buyers of commercial investments, have been pushed firmly into second place by wealthy individuals, among them lawyers, accountants, information technology professionals and builders. Wealthy private investors poured more than £461 million into commercial property in Dublin last year, according to the Sunday Business Post. The bank maintains registers detailing all investment business firms authorized to provide services in Ireland, including those authorized in another European Union state to provide investment services on a cross-border basis. The central bank also points out that representatives of investment firms, authorized or not, should not cold-call members of the public in Ireland. To check about an investment firm in Ireland, call the central bank at 011-353-, ext. The bank receives details of such companies usually by way of complaints from members of the public. Morgan Vanderbilt and United Global Partners. Carrington Pryce Weston Incorporated Whale Securities Quantum Financial Group CSF Trust SA First Federal Capital, Inc. The central bank has now issued warning notices in respect of the following 13 firms: Investment Program Management Dow Templeton & Associates Tasin & Co.
Therefore, the bank has obtained an amendment to the law that allows it to place a notice in the national newspapers when it believes that an authorized investment firm is operating in Ireland. However, in cases where a foreign firm operates in Ireland without a physical presence, it is "extremely difficult" to enforce criminal law penalties, according to the central bank. It is a criminal offense for an investment firm to operate in Ireland unless it has authorization from the central bank.
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