€10 million Abbott investment will help create new jobs for Sligo – McLoughlin

A €10 million investment by global healthcare company Abbott, will help create new jobs in Sligo, local Fine Gael TD Tony McLoughlin has said.

The company is moving its Irish Nutritional Devices business to IDA Ireland’s purpose-built Advance Technology building located in the Finisklin Industrial Estate.

According to IDA Ireland, the Finisklin building is being extended and Abbott’s move should be completed in the first half of next year.

“I am delighted that Abbott is relocating its 100 staff members to Finisklin and investing €10 million in the move.

“Relocating to IDA Ireland’s purpose built Advance Technology building here in Finisklin gives Abbott the potential to expand and create new jobs in Sligo in the future.

“In addition, Abbott’s decision to locate to the new facility sends out a really positive message to potential international investors that Sligo is open for business and has world class facilities to help ensure their success.

“Abbott, and its sister company Abbvie, are major employers in Sligo and the wider region, with four other factories located in the town.

“We have a lot to offer to international companies here in Sligo, with a high quality workforce coming out of IT Sligo as well as other academic institutions in nearby Galway, Mayo and Donegal.

“Unemployment is now at 6.4%, down from a high of 15.2% during the recession that devastated this country. Fine Gael’s Action Plan for Jobs, launched in February 2012, has overseen the creation of 225,000 jobs since the dark days of early 2011.

“The future is bright for our county and the wider region once again. However there is no room for complacency, particularly with the challenge of Brexit on the horizon. As the Sligo Fine Gael TD I will be working day and night to ensure that every single family here in Sligo and the North West sees the benefits of an economy that is growing strongly once again.”