Employment in IDA companies reaches highest level in its history

Total numbers at overseas companies now stands at 187,056

IDA Ireland, foreign direct investment, jobs, Ireland, foreign companies, Facebook, Apple, growth, economy

Taoiseach Enda Kenny and IDA CEO Martin Shanahan at a gathering of over 100 representatives from top US multinationals in Ireland | Image: Rollingnews.ie

The number of people employed in IDA Ireland firms - the Government agency responsible for attracting foreign direct investment - has hit a record high.

The IDA says it has seen a 66% year-on-year rise in job creation, adding 12,000 net posts.

Total employment at overseas companies now stands at 187,056 people - the highest level in its 67 year history.

IDA client companies created just under 19,000 jobs on the ground during the year across a range of sectors - with every region posting net gains.

Net jobs stood at 11,833 compared to 7,131 in the same time period last year.

This means that more than one-in-five private sector jobs in the economy are from IDA-supported foreign direct investment.

While the number of investments secured during the year rose to 213 from 197 in the previous year.

And the number of new name investments went to 94 from 88.

Chief executive officer of IDA Ireland, Martin Shanahan, said: "The contribution of the FDI sector has always been important to Ireland, but the 2015 results show that the contribution has never been larger".

"It is particularly welcome to see such a broad-based performance with all industry sectors and all regions growing".

"Many of the projects won in 2015 were capital intensive, and provided strong additional benefits beyond the jobs themselves", he added.

Among investments secured during the year were:

  • Facebook planning to construct a new data centre in Clonee, Co Meath
  • Apple making a €850 million investment in Athenry, Galway with 300 jobs in multiple phases
  • Pramerica is expanding its operation in Donegal creating 330 new jobs over three years
  • Agora Publishing is setting up a multilingual contact centre in Portlaw in Waterford, adding 100 jobs
  • Medical devices company Zimmer investing €51m in Oranmore, Galway creating 250 jobs
  • US engineering Company ABEC Inc planning to expand its global operations in Fermoy, creating 100 jobs
  • Slack announced plans to open a European HQ in Dublin to meet the growing demand