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Ireland – Foreign companies post job growth in 2012

08 January 2013

Foreign companies in Ireland have benefitted from job growth during 2012 as multinationals helped to create 12,722 new jobs in the country, IDA Ireland reported this week. Job losses at foreign companies in 2012 was just under 6,200, and Ireland posted the highest multinational net job gain in over a decade.

The technology sector saw a good performance last year while international financial services and life science remained some of the most important markets in Ireland. Total employment stands at 1.8 million.

The government investment agency said that there were 145 individual investments in the year.  Among the biggest were Apple, PayPal, Northern Trust, EA Games, Fidelity, SAP, Amgen, Mylan, Cisco, Arvato, Allergan and Eli Lilly. 

IDA Ireland chief executive officer, Barry O’Leary ,said: “Amid significant economic challenges globally and locally, Ireland turned in a strong FDI [foreign direct investment] performance in 2012 with gains in employment across a broad range of sectors. Helping FDI clients to transform their operations within Ireland also led to a significant reduction in employment losses, producing a strong year overall.”

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