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Press Release 28 Feb 2017

Tuesday, 28th Feb, 2017 - Martin Shanahan, CEO, IDA Ireland said: “Today’s CSO figures are very welcome - overseas investors have played their part in achieving the consistent drop in unemployment levels in Ireland in recent years. Total employment at IDA supported overseas companies in Ireland now stands at 199,877 people, the highest level on record. IDA clients account for almost 10% of national employment.”

“IDA estimates that for every 10 jobs generated by Foreign Direct Investment (FDI) directly, another 7 are generated in the wider economy. This translates into 339,790 jobs that are supported by FDI at the end of 2016.”

“While this trend is very welcome, we shouldn’t take it for granted – we need to continue to focus on our competitiveness.”

 

 

 

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