![]() ![]() IDA Ireland CEO Michael Lohan said the country is experiencing sustained levels of “highly skilled employment” despite the “global tech reset” and issues such as inflation, geopolitical disruptions and Irish infrastructure. Other notable deals include Siemens expanding its Swords site with a centre of excellence, ABB opening a Dundalk R&D centre and Boston Scientific expanding its Clonmel site with an €80m investment. Some of the biggest investments include Analog Devices investing €630m at its European regional headquarters in Limerick, Eli Lily investing $1bn in its Limerick manufacturing hub, Dexcom’s planned €300m investment in Galway and PepsiCo investing €127m in its Cork manufacturing facility. ![]() In terms of research and innovation, more than €1.4bn was committed by client companies on projects this year. Other sectors including manufacturing, business, financial and other services all saw a growth in jobs this year.ĭespite the drop, IDA Ireland said 2023 also brought “robust regional investment” as more than 54pc of the year’s deals were based outside of Dublin. Various tech companies such as Meta and Amazon began global layoffs towards the end of 2022, a trend that continued in 2023 and impacted Ireland. The decrease was only 0.3pc and can be attributed to a slowdown in information and communications services, as this sector’s employment fell by 2.9pc. ![]() This is reportedly the first time the number of jobs among IDA supported companies has fallen since 2009, Reuters reports. This also marks the second consecutive year that employment from IDA Ireland client firms was more than 300,000.ĭespite this milestone being maintained, 2023 saw the number of people employed at client companies fall by a small margin. This represents 11.3pc of national employment and shows Ireland’s reliance on foreign multinationals. Meanwhile, the state investment agency said it has more than 1,800 client companies that employ more than 300,000 people across Ireland. The number of investments is up 2.5pc compared to last year and IDA Ireland expects these investments to deliver nearly 19,000 jobs. The state agency’s latest figures show that Ireland received 248 investments during 2023, with a third of these being greenfield or first-time investments. IDA Ireland claims the country’s foreign direct investment (FDI) held steady this year despite growing competition and global economic challenges. The wave of investments in 2023 are expected to create nearly 19,000 jobs, while employment among IDA Ireland client companies saw a slight decline this year. ![]()
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