Ireland is losing its attractiveness. Large corporations stopped hiring

   "Large transnational companies reduced employment in Ireland for the first time since 2009, where they located thanks to favorable corporate income tax rates.

 

     The national investment agency IDA Ireland reported that in the last 12 months to the end of October, the number of employees in transnational companies decreased for the first time since 2009 by 0.3%. to 300,583 from 301,475. because the number of jobs eliminated more than doubled to almost 18,000.

 

     Ireland is very dependent on foreign companies, which have almost doubled their staff in this country in the last decade, and their crews represent approximately 11%. the entire labor market, writes Reuter.

 

     Employment in the information and communications services sector decreased by 2.9% because the largest employers, including: Meta, Accenture and Stripe have been cutting staff since late last year as part of global austerity measures. Employment growth occurred in all other sectors, and the head of the IDA Ireland agency expects a return to net employment growth, because many technology companies that were reducing the number of employees are now focused on increasing them.

 

     Irish companies are looking for investment opportunities in Poland due to... Brexit. - During dinner in Warsaw, you could feel the trade deals being concluded in the air - says Dara Calleary, Irish Minister of State at the Ministry of Trade.

 

     - We expect net increases in the future. Behind us are very turbulent 14, 15 months of technological reset in the world. If we continue on this trajectory, it will inevitably lead to growth in the future, Michael Lohan said at a press conference. He added that investing in Ireland still involves national and global challenges, but he is optimistic about 2024 because the possibility of increasing employment is reasonably large.

 

     Despite job cuts, IDA Ireland managed to attract slightly more investment in the last 12 months than a year earlier. This allowed us to create almost 17,000 jobs in the 12 months to the end of October. jobs, and in 2023 and beyond, almost 19,000. However, these numbers are significantly lower than the record 32,426 in 2022 and the lowest annualized figure in the last decade.”