Inter Group to close Galway office
Tuesday, 11 November 2008 16:51Insurance services company Inter Group plans to close its office in Galway within the next seven months.
Inter Group currently operates as a third party administrator for travel insurance policies and employs 90 full-time staff.
Inter Group head Bob Andrews said there had been a shift in the insurance market in the last few years, and many of its big customers had taken their travel insurance back in-house.
Inter Group Insurance, part of the Royal Bank of Scotland group, has operated in Galway for ten years. The company says all workers affected by the closure will be invited to apply for alternative roles within the group.
Meanwhile, more than 100 jobs in the Mid-West region are hanging in the balance after it was revealed that more than €5m is owed to various contractors working on the route of the new Nenagh-Limerick motorway.
More than 25 sub-contractors working on the motorway are believed to be owed large sums of money by Portuguese company, RAC Eire, which was contracted by the Bóthar Hibernian consortium to carry out work on the €425m project.
Bóthar Hibernian was formed by three major construction companies - Moto Engil, Coffey Construction and McNamara Construction - and has overall responsibility for the construction of the Nenagh-Limerick stretch of the new N7 motorway.
