AN investment of €15 million in its new Shannon base anchors Genworth Financial firmly in the Mid-West for the foreseeable future.
Taoiseach Enda Kenny this Monday formally opened the insurer’s new offices at Westpark business campus.
Genworth has maintained a presence in Shannon since 1997 and has moved from its old base in the Free Zone to more modern accommodation in Westpark. As well as purchasing the building formerly occupied by pharmaceutical firm UCB, Genworth has invested heavily in upgrading the office block.
No new jobs have been created but sources stressed the new building could facilitate future expansion. Genworth already employs a staff of 400 in Shannon in what is its biggest operation outside of the United States.
“This investment by Genworth in their business, in their staff and in Shannon is a great signal of their commitment to Ireland,” said Mr Kenny in opening the building on Monday.
“The provision of state-of-the-art facilities like the company’s new business centre in Westpark not only provides a much needed boost to the construction sector but also enhances Ireland’s reputation as a location for foreign direct investment and new jobs,” the Taoiseach said.
Bob Brannock, president, international protection, Genworth said “our decision to invest in a new facility and remain in the area is due in no small part to the continued support of Shannon Airport Authority and underscores our long-term commitment to Shannon and Ireland”.
“As well as having first-class international transport and telecommunications links, Shannon has consistently provided Genworth with a pool of highly-talented employees, and provided those employees with a unique quality of life such as a clean environment, good quality educational, leisure and recreational facilities and services.
Local contractors DH Group managed the fit-out with energy efficiency, optimal use of ICT and staff comfort very much in mind.
“We engaged top experts to advise on this and ensure the delivery of a place of work our employees can enjoy every day,” said Mr Brannock.