250 new jobs for NI in Belfast & Newry

Updated: 22:30, Thursday, 29 January 2009

More than 250 jobs are to be generated in Northern Ireland by investments in Belfast and Newry.

1 of 1 First Derivatives Doubling Newry workforce
First Derivatives
Doubling Newry workforce

75 new jobs will be provided in a £60m expansion of the Ten Square hotel in the Belfast city centre.

The owners of Ten Square are planning to build 85 new bedrooms, as well as an underground swimming pool and conference facilities. It is expected the project will also create 100 jobs in the construction sector.

In another boost for the city, the software and services provider ICS Computing is to employ 50 more people.

The company has won contracts to provide payroll and pension services to two major health service trusts in Britain. ICS already employs more than 100 people at its Belfast headquarters.

And 140 jobs are being provided with the expansion of a financial technology company in Newry.

First Derivatives provides consultancy and software services for financial institutions.

Boosts come after job losses

It helps them to calculate their exposures to debt.

The company already employs 130 people and will now double in size.

Most of the jobs will be filled by people living in this area, according to the company's chief executive.

Northern Ireland Economy Minister Arlene Foster says it was an extremely positive development at a time when many firms were being affected by the global economic turndown.

These jobs created will go some way towards offsetting losses announced in recent days.

Almost 40 jobs are to go after a Belfast financial company last night announced it is to close.

ClearCo, which processed cheques for the Bank of Ireland and the Allied Irish Bank group, is blaming the decline in chequebook use for the decision.

It will cease operations by the end of the summer, a spokeswoman said. The banks, which jointly established the company seven years ago, have recently transferred their cheque-processing operations to Dublin.

In Portadown, almost 100 jobs are under threat at the Denny factory. Its owners, the Kerry Group, have commenced a formal consultation with employees of the pie-making firm.

It is thought production will cease at the end of April, which could result in the loss of up to 94 jobs. Production will be moved to England.

Earlier this week, redundancies were announced by the Ulster Bank in Northern Ireland, the forklift truck manufacturer NACCO in Craigavon and Powerscreen in Dungannon.

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