Dublin Aerospace to create 150 jobs – Breaking News – Nov 2011

Dublin Aerospace has announced plans to create 150 jobs over the next two years with recruitment already underway for the first 45.

The aircraft maintenance firm was set up after SR Technics pulled out of Dublin airport two years ago.

Taoiseach Enda Kenny will be on hand to make the official jobs announcement this morning at the opening of a new landing gear centre at the company’s plant.

The €4.5m facility is the only one of its kind in Ireland.

The new recruitment programme will see the company’s staff numbers double between now and 2013.

IBEC: More than 25% of firms plan to raise staff levels – Breaking News – Oct 2011

A new report published this morning by the business group IBEC shows that Irish companies are well-placed to withstand the current global economic downturn.

Over a quarter of the 400 companies surveyed said they plan to increase staff numbers in the next three months, while just over half said they have no plans to change current staff levels.

Companies in medical devices and hospitality have the most positive outlooks, while retailers are feeling less confident about the coming months.

Dublin receives jobs boost – Breaking News – September 2011

A finance company has announced 150 new jobs for Dublin.

 Arvato Finance is to create the jobs in its finance division over the next three years.

Up to 30 vacancies are currently available and the upcoming jobs are in the areas of IT, consulting, finance and accounting, project management and customer service.

Arvato already employs 1,200 people in Ireland.

Technology firm to create 250 jobs in Cork – Sept 2011

A total of 250 jobs are being created by technology company VMWare in Cork, it was announced today.

Silicon Valley’s VMware is expanding operations in Ireland, where it already employs 550 workers at two sites in Ballincollig, Co Cork.

There was further good news on the jobs front earlier today, with Dublin firm Sixt Leasing Ireland announcing 25 jobs in Sandyford.

Jobs Minister Richard Bruton said: “Today’s announcement by VMware is great news for Cork and shows that we are on the right track.

“However, we must do more, and I have a plan for a series of measures across a range of sectors, including cloud computing, to hit ambitious targets and get people back to work.”

The global technology firm provides cloud computing and says it allows companies to cut costs, strengthen its security and go green.

Mr Bruton said it is estimated that cloud computing could create 8,600 jobs in Ireland by 2014.

VMware said the majority of the new jobs will be high-value customer support and sales specialists. Recruitment is already under way.

Ian Moore, VMware’s country manager, said: “The opening of the new office is a result of the dedication our existing Irish employees have already shown.

“The Cork region is well established as a focus for dynamic IT companies and the area is well-known for its strong heritage in supporting global technology brands.

“Developing our Cork operations means we have more scope for creating new jobs for enthusiastic and energetic people with a wide range of skill sets.”

With more than 10,000 employees globally, revenues of almost US$3bn (€2.17bn) and 250,000 customers, VMware is regarded as one of the world’s leading technology companies.

It regards Ireland as “a vital international hub for the company as it drives the next wave of computing”.

Maurizio Carli, senior vice-president and general manager of Europe, Middle East and Africa (EMEA) at VMware, said the expansion reflects the company’s success.

“The pressure to cut costs and become more efficient is a top priority for business leaders and it’s fantastic that Irish operations and employees are helping to drive our success in EMEA,” he said.
“The availability of the required skill-sets and languages in Ireland, along with the strong work ethic and solutions-orientated approach of the campus, has proved to be invaluable for our business.”

Deloitte to take on 215 graduates – Examiner – September 2011

DELOITTE yesterday said it will take on 215 graduates on three-and-a-half year contracts over the next year.

The consultancy giant said the majority of the positions will be occupied in its Dublin office, with 25 positions to be shared between its Cork and Limerick operations.

The news is a further boost after Deloitte took on 150 graduates last year.

Just 15 of the 215 graduate positions will be filled immediately, with the remainder likely to be filled next autumn. Those joining will initially be on a three-and-a-half year contract and will be working across all departments of the firm, including tax, consulting, audit, corporate finance and enterprise risk services. 

Those interested in applying are asked to do so via the dedicated graduate recruitment website, www.deloitte.com/ie/graduate, with the closing date for applications in mid-October — Thursday, October 13 for NUI Galway students and Wednesday, October 19, for students from all other colleges.

A spokesperson for Deloitte said more than 150 graduates had begun working with the firm in the past year and there was a requirement for 15 of the positions to begin immediately. 

The successful applicants are likely to find themselves working in a variety of different industries, from media and telecommunications to real estate, financial services, consumer business, real estate and infrastructure, energy and technology.

Brendan Jennings, managing partner at the consultancy firm, said: “These positions offer graduates the chance to join the largest professional services firm globally. We’re looking for people who feel energised working in a team who are innovative thinkers and who set high standards for themselves.”

The spokesperson also confirmed that, since June, Ger Lyons has been in situ as the regional partner in charge of the Cork/Limerick section after the previous incumbent, Ger O’Mahony, took a leave of absence.

Ireland ‘best offshore centre’ – Finance Dublin – Aug 2011

Ireland has been recognised as the best offshore centre at the Global Investor/isf 2011 Awards. The awards took place in London on July 6th and recognise the greatest contributions to asset management and asset servicing over the last 12 months

‘Ireland won this year’s Global Investor offshore centre of the year award because of a regulatory approach that understands the needs of providers and a transparent tax system – attributes which have become increasingly important in the current economic environment,’ said Aaron Woolner, editor of Global Investor/isf.

Financial Services Ireland welcomes launch of IFSC strategy

Financial Services Ireland (FSI), today welcomed the launch by An Taoiseach Enda Kenny of the Strategy for the International Financial Services Industry in Ireland 2011-2016, which sets a goal for the industry to create 10,000 net new jobs.

The strategy is the result of intensive collaboration between public sector and industry stakeholders in the IFSC Clearing House Group, under the aegis of the Department of the Taoiseach. FSI coordinated the industry’s input into the strategy.

Welcoming the strategy, FSI director Brendan Bruen said: “The jobs target is challenging, but achievable. Over the last 10 years IFSC employment grew from 8,500 to 33,000. The job creation target is a realistic goal given the opportunities that exist across insurance, banking, fund administration and investment management, and the potential of the Green IFSC, payments and other emerging sectors.

“To achieve the aim of 10,000 new jobs, significant challenges will have to be overcome and existing activity has to be protected. The only way to do that is to ensure that the best possible environment for growth is maintained and to work constantly to improve Ireland’s attractiveness as a financial centre.

“It is all about getting the environment right – across tax, regulation, skills, costs, international engagement and support for investment and new business lines.

“The resilience shown by the IFSC through the global crisis shows the capacity of the sector to contribute to recovery. But we have to be clear that if the environment is wrong, jobs will be lost.

“At the core of the strategy is ensuring world-class tax and regulatory regimes. The right regulatory environment does not mean light regulation. It means having a regulator that is credible, responsible and efficient. Through radical structural reform and extensive recruitment, the Central Bank has built the capacity to supervise the most complex businesses. This capacity will be at the heart of the IFSC’s growth potential,” concluded Mr Bruen.

FSI also welcomed the renewed commitment to full engagement between industry and the public sector, and the renewed mandate for the IFSC Clearing House Group to drive implementation of the strategy.

The IFSC directly employs 33,000 people and contributes €1.4bn in corporation tax, and a further €700m in payroll taxes, according to a report published in 2010 by Accenture.

Start-up companies to create more than 400 jobs – August 2011

More than 400 new jobs are to be created in 24 new start-up companies around Ireland over the next three years.

The jobs are part of a Enterprise Ireland’s High Potential Start-Up Programme, which is supported by the Government.

The 445 posts will be in clean technology, life sciences, financial services and information and communications technology.

“If we are to rebuild the economy and create the jobs of the future in Ireland, we must not only continue to attract high-end multinational companies, but we must also crucially ensure that more high potential small businesses can establish and expand here,” said Minister for Jobs, Enterprise and Innovation Richard.

“Yesterday I announced that PayPal was adding 200 jobs to our base of employment in world-leading internet companies; but we also need an indigenous engine of economic growth if we are to create the successful future we all want for Ireland.”

The Government’s IFSC Strategy Document: August 2011

The Government’s IFSC Strategy Document: ‘most important statement in over a decade’

Government policy statements about the IFSC since the late 1990s have tended to be rather lacklustre, quite in contrast to the vision and energy of the pioneering years of Haughey, and his successors in the 1990s, Albert Reynolds, John Bruton, and Ruairi Quinn. Now, to judge by the new policy document on the IFSC, commendably published just at the end of the new Government’s first 100 days, the Irish Government has got its mojo back. It is the most important statement from an Irish Government in over a decade on the IFSC because it shows a level of consideration and understanding of the sector’s dynamics that, frankly, has been missing at top Government level for too many years.

In fairness, the apathy about the centre emerging from the state since around 2000 may have stemmed to a degree from the IFSC’s own success, in that it might not have been seen to have needed a helping hand from Government.

As things turned out, Government ended up being the IFSC’s main problem, with the junking of the jurisdiction’s credit rating, along with competitiveness issues and fears about high personal taxation, and pension and wealth grabs lurking in the background to undermine confidence in economic recovery.

The new IFSC strategy makes many of the right noises, including welcome and important comments on the importance of high tax issues in recruiting the top skilled personnel that a ‘smart economy’, be it in finance or any other sector must be based upon.

So too are comments about the impact of disproportionate regulation, a recognition of the adverse impact of misguided regulatory initiatives and/or ‘gold plating’, and direct and indirect expenses and fees on the cost of financial services business. As the Taoiseach says in his introduction to the document, ‘It is a strategy which recognises and fully supports the critical importance of a credible, responsible and proportionate regulatory system whose own capacity and reputation provides, in itself, a source of competitive advantage for this jurisdiction’.

This indeed had always been the source of the IFSC’s competitive advantage. It never needed to be the case, (as legislation in the early 2000s unwisely made it be) that the Regulator had a so-called ‘promotional’ role. Now that proper sense of proportion has been re-established – concern for the global customers of banks and financial institutions, and for global taxpayers, is and was always the proper concern of Irish regulators. Matthew Elderfield, a member of the Taoiseach’s Clearing House Group can now pursue that role going forward safe in the knowledge that ‘promotion’means the effective operation of a proportional regulatory regime that supports the financial services industry in a shared common aim with the Regulator of serving their clients’ and the public’s best interests.

With that understanding, regulation can proceed with an even, and not disproportionate hand and IFSC entities can, and should, be able to go about their business without needing to fear unreasonable regulatory enforcement, operating to misguided agendas. With such debates in the background the real agenda comes into view – the need to compete with a lean and hungry world that across the board – in the IFSC’s competing sectors, be it funds, insurance or finance, are mounting a lean and hungry challenge to Ireland as a finance centre.

Report finds continued growth in online job vacancies- Breaking News – July 2011

Report finds continued growth in online job vacancies

The level of new job vacancies being advertised has continued to increase during the second quarter of the year, according to new data published today.

The IrishJobs.ie Jobs Index, based on online recruitment advertisements from April to June 2011, revealed that the jobs market is “experiencing sustained growth across key sectors” with new job vacancies increasing steadily.

The number of jobs management jobs advertised online in the period was up 30% compared with Q2 2010, while there was a 26% increase in the number of hotel and catering vacancies.

Other sectors demonstrating increased jobs activity relative to Q2 2010 included: marketing (+61%); HR and recruitment (+59%); production and manufacturing (+48%); accountancy and finance (+44%); legal (+45%) and sales (+44%).

However jobs in the construction, architecture and property sector were down 29% on the same period last year.

The company said the latest figures continue the trend at the close of 2010 into the first and second quarters of this year.

“Though the rate of unemployment in Ireland is now at over 14%, certain job categories are booming,” said Dr Stephen Kinsella, author of the IrishJobs.ie report.

“Positive movement in the jobs market in certain sectors continues the trend shown by the set of figures for the last quarter.”

However, he added: “Unsurprisingly construction-related industries are in the doldrums.”