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THERE WILL BE 10,000 new jobs created at the IFSC in the next five years, according to Taoiseach Enda Kenny.
The Taoiseach made the statement when he launched the strategy for the international financial services industry in Ireland between 2011 – 2016 yesterday.
He said that the IFSC “has shown extraordinary resilience through the global financial crisis”, with employment growing there by almost 40 per cent in the past ten years.
Today, the sector imploys 33,000 people and contributes over €1 billion in Corporation Tax.
The Taoiseach stated:
Job creation and economic growth remain as critical today as they were when the IFSC was created in 1987. But unlike in 1987, today the IFSC builds from a position of strength.
Among the hundreds of firms operating here are the biggest names in global finance. They have chosen Ireland and continue to invest here. As the world of finance changes, there is now an opportunity to grow further, for the sector to contribute to Ireland’s economic recovery.
The strategy sets out seven ‘drivers of growth’, which are:
The Taoiseach added that that the target of 10,000 jobs is a “credible estimate based on an expert assessment” and said that the “opportunities are real, [and] the competitive strengths of Ireland are proven”.
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I’ll believe it when I see it
It’s not going to happen. Europes grudge against ireland on corporation tax is not our manufacturing sector, it’s the tax haven IFSC. Why are so many European banks setup there… To avoid tax. Sadly it’s a sector the will be axed as countries try to fight their defecit. Just look at Banco Di Italia in IFSC.. Italy wants this bank to operate in italy not ireland. The storm is brewing. I can’t see many new jobs coming.
He is full of sh!t. He has had his day in the sun, the next twelve months will expose him for the puppet he is.
Here here!
Jesus Enda, I thought you would have learnt about the pitfalls of promises last week!
Great news! Enda Kenny is really delivering the goods.
Is former footballer and teacher enda kenny running the IFSC now?
Sure that’s great the newly graduated nurses/teachers will have no trouble getting a job now!!!!!
Perhaps they should have chosen another career rather than planning to live of the state.. without IFSC jobs in private sector how do you paid for nurses & teachers etc…
So there are thousands of IT jobs still not filled in Dublin due to skills shortage and because the whole of Ireland doesn’t really want to live in Dublin, yet they will probably create another 1000 of those 10,000 in IT.
Great if they can create 1000 more jobs there never mind 10.000.
Ah come on Emma! Like he delivered ‘the goods’ to Roscommon? You should know by now that a politician promising anything is a sure sign of desperation. And if the jobs are delivered, Enda will have had little to do with it.
I put as much trust in Enda’s word on this, as I did on his election Roscommon Hospital speech.
I cant see 10,000 jobs being created to man post boxes in the IFSC. Sure why wouldn’t foreign companies have an address here, where else will let them launder there money and escape taxes in their own country. Why do you think France and germany are after us to higher our corporation tax. It’s to stop companies from laundering money and cooking the books in Ireland.
Every multi-national company are here because of it. I hope people don’t really think it’s because of our highly skilled workforce and our financial regulation and our accountability. We are actually party to the rip off of many countries.
No job for you so.
Cruel but very true. iFSC is a post box avenue for tax evasion. No real manufacuring
Manufacturing? It’s a financial services centre. Maybe you should go down to the IFSC and have a look at some of the ‘post boxes’ and the thousands of employees walking in and out of them everyday
To quote Clay Davis from the Wire “I’ll take any motherf**ker’s money if he givin’ it away!”
Yea man I agree take the money, I’m not on a moral high ground. We need to be realistic Enda Kenny is a liar, just like fiana fail they come from the same flawed system
Sorry for the spammy nature of this post, delete if inappropriate
Have look here at Enda’s speech and the full report. The Taoiseach is happy to brush aside any concerns about the business of the IFSC and would like Ireland remain “off shore tart” for big banking.
People complain that there are no jobs, when a chance for 10k of jobs is to be created, you still moan! Jeez, no pleasing some people!
blah blah blah blah blah jobs jobs jobs ……just like muppet bruttons ploy 8 jobs,EDNA YOU ARE A DISGRACE
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