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FDI Employment Hits New Benchmark
Minister Bruton announcing benchmark FDI employment
IDA IRELAND, the Government agency responsible for attracting foreign direct investment, has today announced the highest level of employment in its client companies in its 67 year history.
Total employment at overseas companies now stands at 187,056 people, the highest level on record. IDA client companies created 18,983 jobs on the ground during the year across a range of sectors, with every region of Ireland posting net gains in jobs. Net jobs were 11,833 compared to 7,131 in the same time period last year – representing a year-on-year rise of 66%. The number of investments secured during the year rose from to 213 from 197 in the previous year. The number of new name investments went to 94 from 88 in the previous year
Jobs Minister Richard Bruton said:
Today’s excellent results show that our multinational companies continue to perform exceptionally strongly, surpassing previous record levels of job-creation and achieving the highest employment levels on record. Consistent with the targets we set in our strategies, employment outside Dublin is performing strongly, with jobs growing in every region of the country.
This consistent record of job-creation does not happen by accident, and is only made possible by careful implementation of good pro-jobs policies. We have a long-term economic plan to keep the recovery going, and this can give us confidence that with the right choices we can continue seeing results like this in the coming years.
Read the full press release here.