There was an economic blow in Carrick-on-Shannon earlier this week when it was announced that around 37 jobs would go at a credit card provider.
AvantCard currently employs 165 people at the facility, but the company cited changing trends and new technologies as the reason for reducing its workforce by almost 25 per cent.
An AvantCard spokesperson 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.
“We have entered a consultation period with our employees.”
They hope to achieve many of the job cuts through voluntary redundancies.
Local Independent TD Michael Fitzmaurice expressed “great sadness and disappointment” at the news of the staff reduction.
“It is a huge blow to the people involved and their families and to the economic life of the area,” he said.
Meanwhile, Deputy Denis Naughten, also an Independent, called on the IDA and Jobs Minister Richard Bruton to bring “east coast job expansion” to the Leitrim county town after the job losses.
He said: “Over the last couple of month, we have businesses based on the east coast complaining that they cannot access affordable office accommodation or housing accommodation for staff.
“At the same time, we see a state-of-the-art office development in Carrick-on-Shannon which used to accommodate MBNA virtually gathering dust.
“It is about time that we join up the dots and bring new jobs announcements to towns like Carrick-on-Shannon, which have the staff with the technical skills, an abundance of modern offices and affordable housing accommodation.”