Statement by Minister Varadkar on Liberty Insurance

“This is a really difficult day for staff and their families. Our thoughts are with them.

“We must ensure that all the supports of the State are made available to everyone affected, including retraining, advice on entrepreneurship, access to social welfare and employment rights supports.

“The company is seeking voluntary-led redundancies over an 18-month period, which may at least allow some time for planning. There is also some consolation in the fact that employment levels in the area remain healthy. However, this does little to lessen the blow.

“This announcement is a reminder that we must maintain the jobs that we have, and create new ones wherever we can. I am assured that IDA and Enterprise Ireland will now step up their efforts to win new projects for the area.”