US multinational firms 'will create 14,000 jobs in Ireland in the next two years

Thursday, December 17, 2015

Geoff Percival 

Some 14,000 jobs are likely to be created by the Irish-based divisions of US multinational companies over the next two years, the sector’s chief representative body has forecast.



According to the American Chamber of Commerce Ireland US firms have already announced about 7,500 jobs in their Irish operations this year and employ more than 140,000 here.

The chamber yesterday held its World of Talent event, in Dublin, which is supported by IDA Ireland and aimed at attracting people to Ireland to work with US multinationals.

Based on the employment plans of the firms represented at the event, the chamber said it estimates additional job creation through the US multinational sector of around 10% over the next two years, “which will translate into a further 14,000 new jobs in Ireland”.

Speaking at yesterday’s event IDA chief executive Martin Shanahan said the initiative could be a way of attracting many of the Irish diaspora back home to work.

“When we meet with clients and ask them about their priorities when developing their businesses in Ireland, talent is always at the top of the list.

“No business can succeed without good talent, and this initiative will make our diaspora aware of the many fantastic opportunities that exist within companies located in Ireland,” he said.

“We have a lot to offer both as a place to live and to work and the American Chamber has been focussing strongly on promoting Ireland to international talent and to our own emigrants whom we want to attract home.

“For Ireland to continue to grow its economy it is essential that we attract the best and the brightest talent from across the world,” said Intel Ireland general manager and chamber president Eamonn Sinnott.

Separately, recruitment firm CPL Resources published research showing that 77% of Irish emigrants in Australia want to return home in the next five years.


Article courtesy of the Irish Examiner