TANAISTE Mary Harney has announced that Prumerica Systems Ireland Limited, a unit of The Prudential Insurance Company of America, is to expand its operations in Letterkenny.

The resulting expansion will add 325 new jobs by the end of 2003, with the potential for a further 125 new jobs as the operations develop.

Prumerica will establish an Operations Centre for customer service and transactions processing in a new building adjoining its existing software development facility on the IDA Letterkenny Office Park. The software development operations will also be substantially expanded as part of the development.

The Tanaiste said the announcement brought to nearly 800 the number of new jobs announced in IDA backed projects for Donegal in just over six months and this is clear evidence that the new focus and strategy adopted following the Donegal Task Force review is working.

However, she also acknowledged that there was still much work to be done to ensure that Donegal continued to develop and grow its economy in line with other parts of the country.

Prumerica Systems’ Letterkenny facility, which began operations in July 2000 and originally planned to create 150 new jobs over two years, has already achieved this employment target, a year ahead of schedule.

The company develops, tests and maintains applications for its parent company related to the sales, management and administration of Prudential’s insurance and investment products. (MB)

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