Opening Bell: 110 new tech jobs for Dublin, EU bailout rules, Tesla targets

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Ricoh Ireland has announced plans to create 110 new jobs between now and the end of 2019.

These positions will be in the areas of technical engineering, software solutions, business development and operation management.

The global technology company has invested €6.5m in a new Irish headquarters.

It's created 30 jobs in the past 10 months, bringing its Irish workforce to 80.


Plans to support Italy's oldest bank are reported to have stalled following a communication breakdown between the EU and the European Central Bank (ECB).

In one of the first major tests of Europe's reformed rules regarding aid for troubled financial institutions, the ECB’s supervisory wing believes that it needs to wait for approval from the European Commission before stepping in, while the Commission is waiting for the ECB to agree to a capital plan for the bank.

This is reported by The Financial Times, a source described the delay as "surreal."

The ECB's supervisors believe that bank needs some €8.8bn - while policymakers are worried that being overly generous will set a dangerous precedent.


Electroninc car firm Tesla has announced better than expected results for its fourth quarter - registering losses of $0.69 per share - that figure was expected to be closer to $1.04.

Its total revenues were $2.28bn.

The company said it will shift up to 50,000 Model X cars in the first half of this year.

Tesla is preparing to launch in Ireland - vehicles are currently available to pre-order.


Tesco has been accused of playing "mind games" with its staff in the ongoing industrial dispute.

Over 2,000 Mandate members in 22 stores will be on strike by next Wednesday.

Another 24 stores were balloted for industrial action since Monday - 6 agreed to join the the picket line.

The retailer says the union must revisit its strike plans in the wake of the ballot - calling the decision to continue "reckless".

Meanwhile, Ibec says it won't meet ICTU at the Labour Court today as originally agreed, as it believed the invitation was being used to encourage a vote for strike action in some stores.

Tesco argues that the results of ballots on industrial action signal that most workers are not supporting the strike, it has called on the union to "re-visit its strike plans."