Credit card provider AvantCard has announced it is to cut 37 jobs at its facility in Carrick-on-Shannon, Co Leitrim, where around 165 people are employed.
The company has cited changing trends and new technologies for the move, with more people carrying out financial transactions online.
In a statement the company said: “Like many other employers, we regularly review our business to ensure that it is right for our customers, reflecting any changes in customer behaviour and the competitive marketplace.
“Following a detailed review, it is with regret that we confirm that we are planning to reduce our workforce across our business areas,” it added.
AvantCard has entered into a consultation period with employees and hopes to achieve as many of the job cuts as possible via voluntary redundancy.
The firm said it remains committed to grow its business in Ireland.
