Interesting survey on US multinationals operating in Ireland. It doesn't sound very attractive for them to do business in Ireland for the long term.
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Interesting survey on US multinationals 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.
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 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.
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).
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.
http://www1.euro.dell.com/content/to...=pl&l=pl&s=gen
Strong rumours about Dell and Limerick. Would be a disaster for Limerick and the 3,500 working there.
Motorola looking at closing plant in Cork.
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.