Jobs’ announcements signal mixed fortunes for city

October 20, 2014

It has been a week of highs and lows on the jobs’ front in Newry with hiring, firing and acquiring all making their own headlines.

The week began well when, on Wednesday, Autoline Insurance Group announced it is to create sixty new jobs as part of its multi-million pound plans for expansion.  Enterprise Minister, Arlene Foster, congratulated the firm, describing the development as “a much-needed boost for local employment”.

That boost, however, was short-lived when, less than 24 hours later, news emerged that the Revenue and Customs (HMRC) office in the city is to close by the end of next year.  Hopes that the 93 staff employed in the Carnbane-based office will be deployed elsewhere within the Civil Service, at this stage, appear remote.

Meanwhile, another city-based business marked its latest expansion when First Derivatives declared its acquisition of a £36million stake in US performance database firm, Kx Systems.  The Newry company’s CEO, Brian Conlon, says the move will be “transformational” for both firms.

See News of Customs office closure met with dismay for full story.