MBNA jobs fears allayed

Fears for the future of 650 staff at credit card company MBNA have been allayed after its owner, Bank of America, managed to sell part of the business as a going concern.

Last August, Bank of America had announced it was exiting the credit card business both here and in Britain creating major uncertainty for staff at its Carrick on Shannon facility.

According to Jobs Minister Richard Bruton, his department and the IDA have spent the intervening months trying to find a “solution” which would protect the Irish jobs.