View Full Version : US investment in Ireland
strangeirish
22/01/2007, 3:06 PM
Interesting survey on US multinationals (http://www.rte.ie/news/2007/0122/business.html) operating in Ireland. It doesn't sound very attractive for them to do business in Ireland for the long term.
I get the impression that manufacturing days are clearly numbered as almost everything made in China now.
In the services sector i think Ireland in healthy enough position as skills probably increasing but we still a lot cheaper than the US or UK. While salaries may be increasing our taxes such as Corproate tax & employer PRSI are relatively low. In contrast to the old stereotypes I think irish employees come out very well in the dedication & hard working stakes compared with other Nations. This has probably been helped by reducing income taxes to reasonable levels so work is rewarded.
strangeirish
22/01/2007, 5:20 PM
It's not good when you hear about these surveys. Unfortunately, it's a prelude to more closures or a preemtive strike looking for more incentives from the government. Luckily, Ireland has survived the latest round of closures (http://news.yahoo.com/s/ap/20070122/ap_on_bi_ge/pfizer_restructuring) by Pfizer.
I'm shocked. I was expecting a Business Organisation to come out and say everything was fine and dandy and feel free to put up taxes....
btw Pete, we haven't that low a tax regime for workers - look how many are paying at what is supposed to be the top rate of tax due to a inequitable policy of reducing rates rather than widening bands.
btw Pete, we haven't that low a tax regime for workers - look how many are paying at what is supposed to be the top rate of tax due to a inequitable policy of reducing rates rather than widening bands.
I am not disputing that. What I meant was the total cost to the employer when you include employer PRSI etc... Without being specific i heard last year of Services company that rated cost per employee as UK-US-Ireland... i.e. UK most expensive. Employer PRSI is something like 10-12% in Ireland, Its 40% in Germany.
Pfizer job cuts had nothing to do with Ireland & a direct result of new drug failing trials. I think the patent of their biggest selling drug is running out & now the new drug won't be approved to replace those earnings which leading to the job cuts. Their investment in Cork so huge that a good few years ago they sold off half their plant as getting out of food additives market. That food additive company subsequently closed that operation & now Pfizer have bought the land back as running out of room to expand (they have already reclaimed land from the sea).
Docboy
23/01/2007, 1:53 PM
If anything Pfizer are on the build here big time, building a huge new facility alongside an existing one here in Dun Laoghaire.
Don't think they are going anywhere for a while.
Jamjar
23/01/2007, 2:13 PM
I get the impression that manufacturing days are clearly numbered as almost everything made in China now.
In the services sector i think Ireland in healthy enough position as skills probably increasing but we still a lot cheaper than the US or UK.
But not cheaper than India, thats where my job went to.
rebs23
24/01/2007, 5:55 PM
http://www1.euro.dell.com/content/topics/global.aspx/corp/careers/workingatdell/whatsnew?c=pl&l=pl&s=gen
Strong rumours about Dell and Limerick. Would be a disaster for Limerick and the 3,500 working there.
strangeirish
29/01/2007, 3:36 PM
Motorola looking at closing plant in Cork (http://www.rte.ie/news/2007/0129/jobs.html).
Motorola looking at closing plant in Cork (http://www.rte.ie/news/2007/0129/jobs.html).
While it looks bad for them it just says Motorola might close that office.
I can't speak for the jobs market in Cork but software is definitely an employees market & difficult to find good people these days. IMO you can tell how boyant the jobs market by the number of CVs from foreign nationals i receive.
Jamjar
29/01/2007, 7:08 PM
While it looks bad for them it just says Motorola might close that office.
I can't speak for the jobs market in Cork but software is definitely an employees market & difficult to find good people these days. IMO you can tell how boyant the jobs market by the number of CVs from foreign nationals i receive.
"Good people"...are most applicants evil ?
Does 'boyant' mean the jobs market is biased towards males, or is the word you're looking for 'bouyant' ?
"Good people"...are most applicants evil ?
Only the union members. Can't be having any of them
Does 'boyant' mean the jobs market is biased towards males, or is the word you're looking for 'bouyant' ?
Very few girls in IT. :p
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