Pramerica cements its place in Donegal life with opening of new campus

first_imgPramerica has officially opened its new state-of-the-art campus in Letterkenny.The new building, which employed over 220 local tradesmen during its construction, represents a significant investment by the company.Pramerica currently employs 1,500 people across Donegal with a diverse workforce drawn from over 35 different countries. An Tánaiste and Minister for Business, Enterprise & Innovation Frances Fitzgerald TD congratulated the company.“I am delighted to welcome the completion and official opening of Pramerica’s new premises in Letterkenny. This company is a flagship operation in the North West region, having grown significantly over recent years to now employ a very impressive 1,500 staff.“It exemplifies the ongoing success of the Government’s policy of driving balanced regional development, whereby quality jobs can be attracted to a location far from the major cities, when the right skills and infrastructure, particularly ICT, is in place. This new building will help embed Pramerica in Letterkenny and I look forward to the company’s continued success in Donegal.”Minister of State at the Department of Culture with responsibility for Gaeilge, Gaeltacht and the Islands Joe McHugh TD said: “This is a great day for Letterkenny, Donegal and the North West City Region, a cross-border vision for the growth of connected economies across the border. “We know that jobs created in one jurisdiction benefit the workforce in the other and it is in our interests to help grow the local economy further on that basis.“Pramerica is the largest employer here and makes a substantial contribution to the local economy. The hi-tech new premises here – supported by the IDA – is on a par with anything you will see in any major capital city in Europe.“I want to pay tribute to everyone involved with Pramerica, in the USA, here in Donegal and elsewhere for their continued commitment to this valuable base here. These new premises represent a commitment to the future, to our future here in the North West.”CEO of IDA Ireland Martin Shanahan also welcomed the opening of the new site.He said “Pramerica began in 2000 with just eight employees and has grown to become a highly successful company, a great employer of substantial numbers and one of the largest regional reference sellers IDA has for regions. “It shows how successfully companies in regional locations can be scaled. Its longevity in Donegal has been a significant boon for the local economy, not just in Donegal but in the North West region. Developing this new facility demonstrates serious commitment by Pramerica to Donegal and the region. I wish Ciaran and his team continued success.”Pramerica cements its place in Donegal life with opening of new campus was last modified: October 21st, 2017 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:donegalnew campusOPENINGpramericalast_img read more

Makan Delrahim compared the digital giants to previous companies that the US

first_img The DOJ recently took antitrust oversight of Google and Apple Inc., while the Federal Trade Commission agreed to scrutinize Amazon and Facebook Inc.Alphabet Inc.’s Google loomed large over Delrahim’s speech — first as a potential beneficiary of the U.S. government’s antitrust case against Microsoft Corp., and then as a company that pursued potentially problematic agreements itself in the search market.Delrahim described “coordinated conduct that creates or enhances market power,” citing a proposed 2008 agreement between Google and Yahoo to have the former power search ads for the latter. The department told the companies it would file suit against the agreement and the companies backed away, Delrahim said.The European Union charged Google with antitrust violations for agreements that forced phone makers to preinstall Google apps in return for using the Android operating system for free. Google is appealing. Apple and Google are both facing growing complaints about the fees that they charge developers on their mobile app stores.When “a dominant firm uses exclusive dealing to prevent entry or diminish the ability of rivals to achieve necessary scale,” that can limit competition, Delrahim explained. Microsoft was accused of using dominance of PC operating systems to quash competition in the web browser market by bundling its Internet Explorer product. The company was ultimately forced to offer rival browsers with the Windows operating system.Delrahim played a cameo role in the Microsoft case, which he said arguably paved the way for companies like Google, Yahoo, and Apple Inc. to enter the market with their own desktop and mobile products. During the case, he served as counsel to then-Senator Orrin Hatch, who was Microsoft’s chief legislative antagonist. Delrahim quoted Hatch on Tuesday, noting that robust antitrust enforcement to preserve competition in technology was preferable to later regulation.Many U.S. antitrust experts have dismissed calls for a crackdown on tech companies, arguing that there’s no consumer harm in their conduct because the businesses offer free or cheap services and products. Delrahim dismissed that line of thinking as blinkered.“The antitrust division does not take a myopic view of competition,” he said. “Price effects alone do not provide a complete picture of market dynamics, especially in digital markets in which the profit-maximizing price is zero.”Delrahim argued that “harm to innovation” is also an important dimension of competition that can have far-reaching effects.“Consider, for example, a product that never reaches the market or is withdrawn from the market due to an unlawful acquisition,” he added, immediately after noting low prices or free services from Google and Amazon.com Inc. “The antitrust laws should protect the competition that would be lost in that scenario as well.”Delrahim said that lack of competition can degrade product quality, citing privacy lapses and free speech questions as examples. Tech platforms such as Google and Facebook Inc. have come under fire for mishandling of these issues.“By protecting competition, we can have an impact on privacy and data protection,” he said.The acquisition of startups is a common strategy by tech giants, but some some critics say this can block the rise of potential competitors. Delrahim said he might not be able to define when such purchases are problematic.More must-read stories from Fortune:—Phishing hackers can now bypass two-factor authentication—Apple’s sign-in feature is a “shot across the bow” at tech giant rivals—Uber’s CEO has absorbed the COO role for more control—Google is changing its search results. Here’s what to expect—Listen to our new audio briefing, Fortune 500 DailyCatch up with Data Sheet, Fortune‘s daily digest on the business of tech.You May Like Struggling with Team Conflict? Three Ways Leaders Can… Sponsored Content Makan Delrahim is comparing big tech firms to companies that have been broken up by the U.S. government in the past.Chip Somodevilla Getty ImagesThe Justice Department’s antitrust chief came out swinging against Google and Amazon on Tuesday, arguing big technology companies are “digital gatekeepers” that may struggle to defend themselves by arguing their products are free or really cheap.Makan Delrahim, who recently launched a probe of the industry, compared the digital giants to previous companies that the U.S. government broke up, such as Standard Oil, and defended the power of antitrust laws to police anticompetitive conduct in the tech sector, such as agreements to bundle products.“The current landscape suggests there are only one or two significant players in important digital spaces, including internet search, social networks, mobile and desktop operating systems, and electronic book sales,” Delrahim said in a Tuesday speech. 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