The new jobs on offer are not beyond the capabilities of our people, but there is one thing we are lacking – a proficiency in foreign languages, writes Aaron McKenna, who says we should try and rectify this for future generations.
Hundreds of jobs will be created in the construction industry over the next couple of years as a result of recent announcements for foreign direct investment in Ireland, the Industrial Development Authority has said.
IRELAND is once again becoming a favoured location for foreign direct investment (FDI) according to a new report by IBEC (Irish Business Employers Confederation).
IBEC say the reasons behind our resurgence among foreign multinationals, is due to the ease of doing business in Ireland and a well educated work force. IBEC also states that Ireland is ranked fourth in the world in terms of availability of skilled labour and openness to new ideas and that wages will fall by 9% between 2008 and 2011, all of which has helped to boost investment into Ireland.
IBEC’s Director of International Affairs Brendan Butler said: “The adjustments, while painful, were absolutely essential to protect the Irish economy. The focus over the past two years on increasing productivity and cutting costs has helped companies restore some of the competitiveness lost in the preceding years.
However, Michael Hennigan of Financial blog Finfacts says: “What is termed a report, is more a marketing brochure listing positives and could have been produced by a public enterprise agency where focus is generally more on spin than facts.”
Last week the IDA said this was ‘one of the best years on record’ for foreign investment into Ireland.
It also said exports are being helped by improving international demand and the weakening of the euro. The news comes in the wake on negative news from ratings agency Moody’s, which downgraded Ireland’s credit-rating this morning.
TÁINISTE MARY COUGHLAN has announced 200 new jobs for Letterkenny, Co. Donegal.
US health insurer UnitedHealth Group is to expand its existing operations in the town. The Fortune 100 company currently employs 340 people processing medical claims, as well as working as IT technicians.
The new jobs will be in the same areas and will be filled by the end of the year.
Coughlan said the company’s decision to locate in Ireland is due to the availability of highly-skilled staff in the region.
US Vice-President of Operations, Jim Becker, said it was ‘a proud day’ for the Group.
‘The Letterkenny facility stood out for us
‘Their unquestionable ability to succeed each and every day, along with their strategic location and passionate workforce made our decision very easy.’
TAOISEACH Brian Cowen is set to meet top US business leaders in New York this morning. Cowen is on a three day economic mission to the US. The Taoiseach will also meet New York Mayor, Michael Bloomberg.
Meanwhile, Vice President of the IDA in the US, John Conlon said this could be “one of the best years on record” for US investment into Ireland. Speaking on Morning Ireland Colon said “last year when things were going badly, a lot of the press coverage was very negative. The government has taken the right decisions.”
“Investment has continued, even last year when FDI (Foreign Direct Investment) was down 40% worldwide, investment in Ireland was only down 4%. So, even through the bad years we’ve continued to win substantial investments from some of the best companies in the world into Ireland.
Conlon continued, “when they come to Ireland we normally have a very good chance of winning the project. Site visits are up 40% this year, we’re continuing to attract some of the largest companies in the world to Ireland, to invest in Ireland.”
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