Record number working in multinationals despite job losses from ‘tech wrecks’

The number of multinational workers in Ireland has hit a new record at over 300,000. The number of jobs in IDA Ireland’s client companies increased by 9% last year to 301,475, according to the State Development Agency in its annual report. This means a net gain of 24,019 jobs a year – 43 percent more than in 2021.

ob losses were at a record low of 8,407 in 2022.

A significant proportion – 104 of the 242 investments won in 2022 – were new-name investments.
Just over half (52 percent) of all new foreign investment went to regions outside of Dublin, according to the IDA annual report, with the Middle East region reporting the highest percentage of job growth and more than 21,000 new jobs.
The business and financial services and information and communications sectors recorded the highest share of job creation at 9 percent each, followed by modern manufacturing at 8 percent.
However, Mary Buckley, IDA’s interim managing director, said there was “a climate of significant uncertainty with ongoing risks”. the year.
The agency said it is “monitoring” the situation in the tech sector and is actively working with its client base on recent job losses.
“The layoffs announced in recent weeks are regrettable and our thoughts are with those who have lost or are in the process of losing their jobs,” the agency said in a statement.
“The companies that have announced job cuts in recent days will continue to operate in Ireland and are important businesses in the global and Irish ecosystem.”
The Tánaiste said Ireland is “not immune to the challenges created by global events in recent months and we expect these to continue into 2023”.
“While I agree on the job cuts in tech, there is a good pipeline of new investment from multinationals and Irish-owned companies across a range of sectors,” Leo Varadkar said on Monday.

https://www.independent.ie/business/irish/record-number-working-in-multinationals-despite-tech-wreck-job-losses-42213272.html Record number working in multinationals despite job losses from ‘tech wrecks’

Fry Electronics Team

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