Dublin: 12,000 new jobs will be created in Ireland by 139 foreign multinational corporations. This is the figure so far this year, said the IDA. Despite being lower than last year, these figures are encouraging in light of various companies’ layoffs and the economic crisis. The government agency in charge of attracting and retaining foreign direct investment in Ireland is IDA Ireland.
Analogue Devices is setting up a manufacturing plant here at a cost of 600 million Euros. They will create 600 jobs. This year, several multinational pharmaceutical and life science companies, including Boston Scientific, Dexcom, and Eli Lilly, are recruiting in Ireland.
There were 18,039 new jobs in the country during the same period last year. However, IDA says this is in line with expectations. Despite the global financial crisis and job cuts in the tech sector, foreign firms are hiring. This shows that employment opportunities have returned to pre-pandemic levels, said IDA CEO Michael Lohan.
Metta and Twitter, for example, have already reduced their Irish operations. Nonetheless, there was a 2.7 percent increase in jobs in the information and communication technology sector from January to March, according to Lohan.
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