330 new jobs at eco-friendly campus a boost for North West

Caroline Faulkner, Managing Director of Pramerica.
Caroline Faulkner, Managing Director of Pramerica.

US business and technology specialist is to create 330 new jobs at a new, state-of-the-art, eco-friendly office campus in Letterkenny over the next three years.

Both the Taoiseach Enda Kenny and Jobs Minister Richard Bruton said the move is not just a boost for Letterkenny but for the entire North West.

“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. “With Ireland’s rich pipeline of talent and favourable work environment, now is the ideal time for us to make an investment in a new campus facility.”

The new site is approximately one kilometre from Pramerica’s existing facility in Windy Hall, within the same business park. The first of two construction phases will begin during Q4 of 2015 and will be completed by summer 2017. Occupancy of the 135,000-square-foot facility, which could eventually accommodate up to 1,800 staff members, 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: “I’m delighted to welcome the creation of 330 new jobs by Pramerica Systems Ireland in Letterkenny. This is a major jobs boost for both Donegal and the North West region of Ireland. The Government is determined that the jobs recovery is felt in every part of Ireland. To this end, we are currently publishing a series of regional Action Plan for Jobs to boost local job creation. Pramerica is a fantastic employer in Donegal and I’m delighted that Government could support these jobs through IDA Ireland.”

Speaking on site in Pramerica Donegal, Minister for Jobs Richard Bruton TD, who has met senior Pramerica executives on a recent USA trade mission 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. Today’s announcement that Pramerica, a huge employer in Letterkenny and a world-leading company in its field, is creating over 300 extra jobs with the capacity to double that over the coming years, is a massive boost for Donegal and the entire North West. This shows clearly what is possible through our regional jobs plans. I wish Caroline and the team every success with this project”.