Job creation hitting record high, says IDA
Job creation is up… way up! The Industrial Development Authority (IDA) reports that over 100 companies have promised to create 8,000 jobs in Ireland.
Many of the new jobs will go outside of Dublin. Biopharma group Regeneron, for example, will be creating 300 long-term jobs in Limerick with an additional 600 construction jobs.
It is estimated that around two-fifths of the investment is coming from companies that are setting up in Ireland for the first time.
The announcement means that there are 1,000 jobs more than there were at the same period of last year.
Outgoing IDA boss Barry O’Leary said: ‘Access and sentiment towards Ireland is exceptionally good.’ Noting that the numbers employed by the 1,100 firms getting IDA grants stands at a record high of 161,112, he continued: ‘There is no slowdown. In fact, there is an increase.’